NEW PALTZ NY - ID: 20202821
On the Market
Ulster:20202821_1 Ulster:20202821_2 Ulster:20202821_3 Ulster:20202821_4 Ulster:20202821_5 Ulster:20202821_6 Ulster:20202821_7 Ulster:20202821_8 Ulster:20202821_9 Ulster:20202821_10 Ulster:20202821_11 Ulster:20202821_12 Ulster:20202821_13 Ulster:20202821_14 Ulster:20202821_15 Ulster:20202821_16 Ulster:20202821_17 Ulster:20202821_18 Ulster:20202821_19 Ulster:20202821_20 Ulster:20202821_21 Ulster:20202821_22 Ulster:20202821_23 Ulster:20202821_24
click a thumbnail for larger view
  • Price: $985,000
  • Bedrooms: 5
  • Sq. Feet: 6,750
  • Acreage: 0.78
  • Year Built: 1974
  • School District: NEW PALTZ
    Hello Dolly Real Estate
Property Type: Office

Description: Prime 6, 750-square-foot multi-tenant office building in the Village of New Paltz. High-visibility corner lot at North Chestnut (Rt 32 N) and Henry W. DuBois Drive, with 7, 400 passing vehicles per day. A new Stuart's is being built directly across Henry W. DuBois from the building, with a new traffic light that will enhance exposure, convenience, and asset value. Zero Place, a 46-unit state-of-the-art residential development, is nearing completion one block to the north, and the Empire Trail rail trail system is being extended along Henry W. DuBois in front of the building. A major renovation of the entire building was completed 10 years ago when the school district moved into the building, including new high-efficiency heat pump HVAC, upgraded electrical service, new wiring, new windows, fire safety system, and high-speed fiber optic connectivity. Four bathrooms, plus many additional sinks, with municipal water and sewer. Approximately 30 off-street parking spaces. Current tenants include popular beauty salon JEM Hair Studio, custom screen printer Hudson Valley Impressions, and Justino Chiropractic Wellness Center. All tenants are currently paying rent. There is 1, 800 sf of available space that can either be leased out to new tenants or utilized by a user/buyer. Contact listing broker for full financials. This is a high quality building with significant value-add opportunities. Concepts include re-configuring the space to create smaller office suites that can achieve premium rents per square foot - there are no load bearing internal walls, so the there is complete design flexibility. The building is also very well suited to single-tenant occupancy (that is what it was designed for by the school district). An office condo or co-op strategy could also be very profitable. With 0.78 acres to work with, the property is a great mixed-use development site - either now, or in the future. High-density NBR zoning supports a development of significant scope. The offering price of less than $150 psf is a great deal, especially given the extremely positive market trends unfolding in New Paltz, the outstanding location of the property, and the upgraded, high-performance mechanical systems in the building.


Listing courtesy of: New Paltz Properties / Listing Agent: Matthew Eyler
Copyright Ulster County
What is IDX?
The data on this website relating to real estate comes from the (IDX) of the Multiple Listing Service of Ulster County. Real estate listings of brokerage firms other than Hello Dolly Real Estate are marked with the IDX logo and the detailed information about them includes the listing broker's name. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2021 by the Multiple Listing Service of Ulster County and Hello Dolly Real Estate. All rights reserved.
This page is to be linked to only from