16 N Chestnut St - Freestanding FOR SALE


New Paltz, NY 12561
$1,975,000 USD
845-485-3100
16 N Chestnut St, New Paltz, NY for Sale
$1,975,000 USD
Freestanding - FOR SALE
1/19
null | Request Cap Rate

16 N Chestnut St
New Paltz, NY 12561


HIGHLIGHTS

  • Busy Location; Student Life & Night Life
  • Nearby Starbucks, McGillicuddy's, P&G's, & More
  • Vibrant Village of New Paltz

OVERVIEW

The building at 16 N Chestnut Street in New Paltz, NY, has a rich history dating back to the 1860s. Originally serving as a community meeting place, its expansive upstairs space hosted meetings, live theater, lectures, and art exhibitions, while the downstairs area accommodated a restaurant and various retail uses. In the 1960s, it became home to Barnaby's Restaurant on the ground floor and a movie theater upstairs, much to the delight of New Paltz residents. Barnaby's was known for its cozy downstairs ambiance and a spacious upstairs area featuring high ceilings, beautiful windows, and historic woodwork. In recent years, the building was leased by Goodwill Church, which utilized the space for Sunday school and community rooms while preserving the original architectural features. New Paltz, NY, is a vibrant college town known for its blend of history, culture, and natural beauty, making it an excellent destination for tourism and marketing opportunities. Home to SUNY New Paltz, a highly regarded public university, the town attracts thousands of students, fostering a lively, youthful atmosphere that supports local businesses, arts, and entertainment. The Mohonk Preserve and Minnewaska State Park offer stunning hiking trails, rock climbing, and scenic views, drawing outdoor enthusiasts year-round. Historic Huguenot Street, one of the oldest preserved streets in the U.S., provides a unique cultural and educational experience. With a thriving arts scene, farm-to-table restaurants, and a strong emphasis on sustainability, New Paltz appeals to a diverse audience, from students and families to adventurers and history buffs. Its strategic location between New York City and Albany makes it a convenient getaway for urban dwellers seeking a charming, nature-filled retreat.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Paltz - Art, Culture, Entertainment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1862

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

B2

APN/PARCEL ID

3801-086.127-0001-008.000-0000

ASK ABOUT THIS PROPERTY

Tom CervoneCR Properties Group, LLCMore Info
845-485-3100

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Tom CervoneCR Properties Group, LLCMore Info
845-485-3100

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