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Investment Highlights
- Largest retail space on the best block of Downtown New Paltz
- Outstanding visibility and food traffic
- Future development potential, with B2 zoning allowing a 3-story mixed-use building
- 3,500 square feet of open retail space
- 7 on-site parking spaces - a rarity in Downtown New Paltz
- Owner financing available for qualified buyers
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,500 SF
Building Class
C
Year Built
1920
Price
$1,506,681 CAD
Price Per SF
$430.48 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.62
Lot Size
0.13 AC
Parking
7 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
42’ on Main Street
Amenities
- Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 16
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83 Main St
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