55 Main Street

New Paltz, NY 12561

$1,495,000
Price
Beds
4,560 Sq. Ft.
$328 / Sq. Ft.
4,560
Sq. Ft.
$328
per Sq. Ft.

Description

Rare opportunity to acquire a core mixed-use property on the best block in Downtown New Paltz. Located immediately next door to the Main Street Bistro, 55 Main Street includes two leased ground floor commercial spaces and two 4BR apartments on the second floor. The first commercial space was beautifully renovated this year by Agave restaurant, and is under lease through May 2028. The second commercial space is leased through May 2027 to popular and established gift shop Heady Teddy's. Both commercial...Rare opportunity to acquire a core mixed-use property on the best block in Downtown New Paltz. Located immediately next door to the Main Street Bistro, 55 Main Street includes two leased ground floor commercial spaces and two 4BR apartments on the second floor. The first commercial space was beautifully renovated this year by Agave restaurant, and is under lease through May 2028. The second commercial space is leased through May 2027 to popular and established gift shop Heady Teddy's. Both commercial tenants have annual contracted increases in rent - 5 pct and 6 pct, respectively. All utilities, including electricity, heating oil, propane, and water/sewer are individually metered for each unit. Stabilized 9.3 cap rate! Low-risk high-occupancy property that is very well positioned for continued appreciation. Irreplaceable location in the heart of this thriving college town, right in the center of all of the action. Financials available upon request.
  1. Listed by Matthew Eyler • New Paltz Properties
    P: (845)-417-8300 C: (845)-417-8300 matteyler@yahoo.com

Amenities

  • Ground Floor
LISTING UPDATED: 09/29/2024 06:17 PM

Property Details for 55 Main Street

StatusActive
MLS #20243986
Days on Market48
Taxes$15,688 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1900
Lot Size0.11 AC / 4,791 SF
CountyUlster County

Building Information for 55 Main Street

Stories2Residences4Year Built1900Lot Size0.11 AC / 4,791 SF

Property Information for 55 Main Street

Summary
Location and General Information
  • Sign On Property YN: Yes
  • Directions: Main Street in the center of downtown New Paltz. Next door to Main Street Bistro.
  • Location Tax and Legal:Township: New Paltz
  • Zoning: B2
  • Zoning Description: Very flexible mixed-use zoning - many allowable uses
  • MLS Area Major: New Paltz
  • Street Name: Main
  • Street Suffix: Street
  • State: NY
  • Zip Code: 12561
  • County: Ulster
  • Latitude: 41.747838
  • Longitude: -74.08651
  • Unparsed Address: 55 Main Street, New Paltz, NY 12561
  • Street Number: 55
  • Location Tax and Legal:Zoning: B2
  • General Property Information:Flood Plain YN: No
  • General Property Information:Sign On Property YN: Yes
Taxes and HOA
  • Location Tax and Legal:General Tax: $4,681
  • Location Tax and Legal:School Tax: $9,140
  • Location Tax and Legal:Village Tax: $1,867
  • Location Tax and Legal:Tax Annual Amount: $15,688
  • Location Tax and Legal:Tax Assessed Value: $380,000
  • Location Tax and Legal:Tax Lot: 1
  • Location Tax and Legal:Tax Block: 8
  • Tax Assessed Value: 380000
  • Association Fee: $.00
  • Parcel Number: 86.143-1-8
  • Tax Block: 8
  • Tax Lot: 1
  • Tax Annual Amount: $15,688
Parking
  • Parking Total: 5
  • General Property Information:Parking Total: 5
Virtual Tour
  • Total Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Acres: 0.11
  • Total Floor Plans Count: 0
  • Property Type: Commercial Sale
  • Living Area: 4560.0
  • Property Sub Type: Mixed Use
  • Lot Size Units: Acres
  • Lot Size Square Feet: 4791.6
  • General Property Information:Lot Size Acres: 0.11
Property and Assessments
  • Year Built: 1900
  • Year Built Details: Approximate date of construction. County records do not have accurate date.
  • Video Groups: 0
  • General Property Information:Year Built Details: Approximate date of construction. County records do not have accurate date.
Interior and Exterior Features
Interior Features
  • Stories: 2
  • Basement YN: Yes
  • Basement: Full
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0
  • Bathrooms Total (Notational): 0
  • General Property Information:Basement YN: Yes
  • General Property Information:Stories: 2
Multi Family
Multi-Family Information
  • Number of Units: 4
  • General Property Information:Number Of Units Total: 4.0
Agent
Sale and Listing
  • DOM: 0
  • MLS Approval Status: Yes
  • Contract Information:Owner Name: Fifty-Five Main Street LLC
  • Book Information:Section: 86.143

Schools near 55 Main Street

This home is within New Paltz Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Duzine School
PublicPK to 2

Lenape Elementary School
Public3 to 5

New Paltz Middle School
Public6 to 8

New Paltz Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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55 Main Street is a mixed use property for sale in New Paltz, NY 12561. This property was listed for sale on September 29, 2024 by New Paltz Properties, it's currently listed at $1,495,000. This listing's school district is New Paltz Central School District. Nearby schools include Duzine School, Lenape Elementary School and New Paltz Middle School. 55 Main Street is a 0-bed, 0-bath, 4,560 sqft mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Paltz Properties

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale or lease on this webpage comes from the the IDX Program of OneKey® MLS, Columbia Greene Northern Dutchess MLS, and Ulster County Board of REALTORS. Real estate listings held by brokerage firms other than Compass are marked with a OneKey® MLS, Columbia Greene Northern Dutchess MLS, or Ulster County Board of REALTORS Logo. Use of these search facilities other than by a consumer seeking to purchase or lease real estate is prohibited. The accuracy of all information is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals. The data contained herein is copyrighted by the IDX Program of OneKey® MLS, Columbia Greene Northern Dutchess MLS, and Ulster County Board of REALTORS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Information Copyright 2024, OneKey® MLS, Columbia Greene Northern Dutchess MLS, and Ulster County Board of REALTORS. All rights reserved. Data last updated: 09/29/2024 06:17 PM