About 113 N Chestnut Street
Fully leased 3-unit mixed-use building along the most active development corridor in New Paltz. Upper floor is a 1,350 sf office occupied by current owner for his social work practice. The office space is nicely finished and in excellent condition. Owner will lease back the entire space for $2,400 per month for an initial term of 2 years. The lower floor includes two residential apartments, leased for $975 and $1,075 per month. North Chestnut Street was re-zoned in recent years, with a number of new mixed-use buildings in various stages of development. These neighborhood improvements are likely to drive future appreciation along the corridor. As sewer infrastructure is modernized and expanded along North Chestnut, the property could be redeveloped itself, either by adding to the existing building or constructing a new building in the future. Nine parking spaces, a new water heater, and a large storage shed are all appealing features of this core New Paltz asset.
Features of 113 N Chestnut Street
|Address||113 N Chestnut Street|
|Office||New Paltz Properties|