Contacts

Thomas Collins

SVN | Deegan-Collins Commercial Realty

(845) 339-9100

Property Details

Property Type Office - General Office
Property Size 6,840 SF
Units 1
Lot Size 1.42 Acre
Property Tenancy Single Tenant
Building Class B
Year Built 1980
Year Renovated 2020
Date Updated Apr 13, 2024

Discover the vibrant New Paltz Village market, rich with a diverse array of dining, shopping, and entertainment options. Enjoy the picturesque views of the Hudson Valley while exploring the local art galleries, boutique stores, and charming cafes. For the outdoor enthusiast, take advantage of nearby hiking trails, wineries, and orchards. The area is also home to prestigious educational institutions, creating a dynamic and intellectual atmosphere. With its prime location, the property offers unparalleled accessibility to the area's amenities, making it an ideal investment for office and office building investors seeking to capitalize on the energy and allure of New Paltz Village.Introducing a prime investment opportunity in the heart of New Paltz Village offered at an amazing 9.45% cap rate. This exceptional 6,848 SF office building, fully renovated in 2020, boasts a prime location and single tenant net lease. Zoned NRB - Neighborhood Business Residential. Its strategic positioning in the sought-after New Paltz Village This is an attractive prospect for discerning office building investors looking to capitalize on a thriving market and secure long-term returns.

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Highlights

- 7,000 SF building single tenant, NNN leased
- Strong tenant with 8 years initial term, 3% annual, one 10 year renewal.
- Renovated in 2020
- New designed septic field 2023
- Zoned NRB - Neighborhood Business Residential
- Prime location in New Paltz Village area

Getting around

50/100
Walk Score ®
48/100
Bike Score ®

Powered by Walk Score ®

City New Paltz, NY
Neighborhood New Paltz
Zip Code 12561
Market White Plains

Points of Interest

Reliable Taxi

6.66 miles
West Dorsey Lane & Route 9 (CIA)

7.91 miles
Poughkeepsie

8.26 miles

Citgo

0.62 miles
Mobil

0.65 miles
Gulf

0.70 miles
Sunoco

1.31 miles
Mobil

1.51 miles
Speedway

3.76 miles
Mobil

5.85 miles
Mobil

6.59 miles
Speedway

6.85 miles
Mobil

7.15 miles

Private Parking

0.80 miles
Old Main Parking Lot 1

0.87 miles
Lecture Center Parking Lot 2

0.97 miles
Mohonk Parking Lot 24

1.02 miles
Terrace Parking Lot 4

1.02 miles
Bouton Hall Parking Lot 25

1.02 miles
International Programs Parking Lot 39

1.04 miles
Sojourner Truth Park Parking

1.06 miles
Library Parking Lot 3

1.06 miles
Wallkill Parking Lot 30

1.07 miles

New Paltz Hostel

0.64 miles
Hampton Inn

1.39 miles
Americas Best Value Inn

1.40 miles
Econo Lodge

2.06 miles
Rodeway Inn & Suites

2.66 miles
Sam's Cottage on the Greens Bed and Breakfast

3.24 miles
Mohonk Mountain House

3.84 miles
Sky Lake Lodge

4.73 miles
Super 8

6.25 miles
Highland Motel

6.84 miles

Tops

1.10 miles
Shoprite

1.27 miles
Hannaford

6.40 miles
The Warehouse Outlet

7.10 miles
Hannaford

7.16 miles
Stop and Shop

7.80 miles
ShopRite

8.18 miles
Tropical Fresh

9.15 miles
Alex Food and Grocery II

9.31 miles
Roy's Tropical & American Food Store

9.32 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.