151 Rte 32 N, New Paltz, NY 12561

2.8-acre development site located within the Village of New Paltz, New York, located within a mile of the S.U.N.Y. New Paltz campus, with direct access to a 23-mile stretch of the Wallkill Valley Rail Trail. The property is within a few steps of the the Loop Bus stop and within a short walk of the Park & Ride bus stop. It is also in close proximity to the public golf course and historic Huguenot Street and within a short walk of the bustling downtown area with its abundance of restaurants and bars. Located within the new zoning district called the North Chestnut Gateway District, which was created by the Village of New Paltz to promote high density mixed-use (multifamily and retail) development as of right. Other allowable uses in the zone include hotels and B&B’s, with a special permit. Vertical construction is permitted up to four stories and setback and parking requirements are minimal. Seller's plan shows a mixed-use project that complies with the new regulations and includes three buildings with 230 studio apartments and approximately 9,000 square feet of retail with surface parking.