3 Main Street
New Paltz, NY, 12561 $ 2,999,500
Bedrooms-- Baths1.0 Sq 7,476 Monthly Estimate*
$ 18,713
for $2,999,500 with 1 full bath. This 7,476 square foot building was built in 1998 on a lot size of 2.03.
Welcome to one of the most iconic and high-traffic properties in the Hudson Valley—home to the legendary Clemson Bros Brewery (formerly the Gilded Otter). Positioned on a prominent 2.1-acre corner lot at Main Street and Huguenot Street, this is more than just real estate—it's a launchpad for your next major business venture. Set against the breathtaking backdrop of the Shawangunk Mountains and just steps from the SUNY New Paltz campus, this property sits at the intersection of nature, community, tourism, and culture. Whether you're an established restaurateur, brewer, distiller, or investor with vision, this is a rare opportunity to tap into the vibrant pulse of a destination town that's entering a new era of growth. New Paltz is transforming—and this site is in the center of it all. Just blocks away, Zero Place has introduced the town's first mixed-use, net-zero development. Trail Link Collective is creating a new hub for outdoor lifestyle and commerce. And The New Paltz Way—a 28-room boutique hotel—is coming to 11 Water Street. These projects are setting the stage for a downtown that blends innovation, sustainability, and hospitality. This property offers unmatched visibility and potential, with zoning that allows for mixed-use development including residential over retail, boutique commercial, a tasting room, or even a two-story parking structure to serve the growing demand. The location couldn't be more strategic: just 90 minutes from NYC and Albany, moments from Exit 18 of the NYS Thruway, and surrounded by steady foot traffic from students, hikers, bikers, tourists, and locals. Outdoor seating, over 7,500 square feet of beautifully maintained interior space, and 72 dedicated parking spaces make this turnkey for a hospitality group—or a visionary developer ready to reimagine the entire footprint. This isn't just a property—it's a business, a brand, and a rare opportunity to stake your claim in one of the Hudson Valley's fastest-growing and most culturally rich towns. The energy is magnetic. The growth is undeniable. The time is now.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air Propane
Cooling Central Air Wall/Window Unit(s)
Utilities None
Zoning GT
Year Built 1998
Township New Paltz
Property Subtype Business
Business Type Restaurant
County Ulster
Property Type Commercial Sale
Building Features Other
Status Active
City New Paltz
MLS Area New Paltz
Lot Size Units Acres
Lot Size Square Feet 88426.8
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 44937.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor New Paltz
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 1074000
Tax Lot 7
Senior Community None
New Construction None
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ExteriorWater Source Public
Lot Size Area 2.03
Building Area Total 7476.0
Lot Size Acres 2.03
Waterfront Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 1
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* Excluded FeaturesList ByLindsay StevensListing Agent
lindsay@stevensrealtygrp.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $18,713
- Monthly Property Taxes
- $3,745
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in New Paltz, NY
Average List Price $1,990,625
Percent of Sale Price 34%
About New Paltz, NY 14,065 Population
10% Since 2002
$ 72,398 Median Income
27.93 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
2616219 Elementary School
2615966 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/4/2025 | $2,999,500 | -7.71% | Price Down |
| 6/12/2025 | $3,250,000 | | Listed Price |