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For SaleLandMLS KEY856424

403 Main Street

New Paltz, NY · Ulster County
Listed by
Douglas Elliman Real Estate
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Site
11.90 acres

The offering

Second Chance Opportunity. Resubmit Offers. Buyer did not perform. Discover the extraordinary potential of this prime 11.9-acre parcel, perfectly positioned to accommodate your vision for a dream apartment complex or a dynamic mixed-use residential development. Located just a short, pleasant stroll from the charming Village of New Paltz, this vacant land offers exceptional roadside exposure off the interstate, ensuring strong visibility for any future project. Per Town of New Paltz Water department, this land already has TOWN WATER, no sewer.

Enjoy close proximity to SUNY New Paltz, local shops, and vibrant surrounding towns, all of which enhance the appeal and convenience of this location. With limitless possibilities for the right project and a visionary developer, this property presents a rare opportunity to create an income-producing asset that can endure for generations.

Additional documentation is available for review, including details regarding the Hidden Ridge Development Corporation’s apartment wastewater treatment plan. There is also an open permit on the land. Soil type is currently unknown.

Cash buyers are invited to seize the opportunity to bring their development plans to life. The property sits at the corner of Route 299 and I-87, directly across from the interstate exit. Zoning information and allowable uses are available in the agent documents and can be provided to clients.

The seller is now ready to sell—last year they were not prepared to move forward. New price, new beginnings. Resubmit all offers.

Building & site

Interest conveyedFee simple
Property typeLand
Land area11.90 acres
Land area, SF518,364 SF
SewerSeptic Tank
Tax parcel51388986.12-5-3.200

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2025 taxes$14,102
Assessed value$300,000
Land assessment$261,500
Full market value$476,190
Owner of recordChang & Lin Inc
School districtNew Paltz
Property class331
Estimated annual tax, 2025 roll
County and town$4,527
School, New Paltz$7,438
Estimated total$11,965

The estimate is the assessed value at the current county, town, school and village rates. Not a bill: exemptions, and any change to the assessment or the rates, move it.

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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