83 Main St - Retail FOR SALE


New Paltz, NY 12561
$1,100,000 USD
845-417-8300
83 Main St, New Paltz, NY for Sale
$1,100,000 USD
Retail - FOR SALE
1/15
null | Request Cap Rate

NEW


83 Main St
New Paltz, NY 12561


HIGHLIGHTS

  • Largest retail space on the best block of Downtown New Paltz
  • 3,500 square feet of open retail space
  • Outstanding visibility and food traffic
  • 7 on-site parking spaces - a rarity in Downtown New Paltz
  • Future development potential, with B2 zoning allowing a 3-story mixed-use building
  • Owner financing available for qualified buyers

OVERVIEW

Opportunity to purchase the largest retail space on the best block of Downtown New Paltz! 3,500 square feet of open retail space, with 9-foot ceilings that can be increased to 11 feet by removing the drop ceiling. Most desirable location in New Paltz, next door to P&G's, across from Starbuck's, and right in the site line from the crosswalk leading from the municipal parking lot. Excellent foot traffic, with glass window displays along the entire Main Street frontage. The legendary Manny's Art Supply business is downsizing to a nearby location and the property will be delivered vacant as of May 1. Two bathrooms, ample basement storage, and property-owned rear parking lot with 7 parking spaces. Five new mini-split heating/cooling units, installed three years ago. Owner financing available to qualified buyers, with 30% down. Flexible B2 zoning allows a future 3-story structure on the property, with commercial on the ground floor and two floors of residential above. Ideal for an owner/user wishing to operate a high-visibility retail store, restaurant, café, or wellness practice while building equity through ownership. It would also work well as a food hall or an antique/crafts mart concept. The property was divided into two retail units in the past (a kitchenette and a pool hall) suggesting multi-tenant use of the space if desired.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

3801-086.127-0001-015.000-0000,86.127-1-15

ASK ABOUT THIS PROPERTY

Matt EylerNew Paltz PropertiesMore Info
845-417-8300

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Matt EylerNew Paltz PropertiesMore Info
845-417-8300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.