3 Main Street
New Paltz, NY, 12561 $ 2,999,500
Bedrooms-- Baths-- Sq 7,476 Monthly Estimate*
$ 18,468
for $2,999,500. This 7,476 square foot building was built on a lot size of 2.03.
Welcome to one of the Hudson Valley’s most iconic and high-traffic destinations—home to the legendary Clemson Bros. Brewery (formerly The Gilded Otter). Positioned on a prominent 2.1-acre corner at Main Street and Huguenot Street, this offering represents far more than real estate—it is a fully realized stage for your next flagship venture. Set against sweeping views of the Shawangunk Mountains and just steps from SUNY New Paltz, the property sits at the crossroads of nature, culture, tourism, and community. Restaurateurs, brewers, distillers, hospitality operators, and forward-thinking investors alike will recognize the rarity of anchoring a business in a destination town entering a dynamic new era of growth. New Paltz is evolving—and this site stands at the center of its transformation. Just blocks away, Zero Place has introduced the town’s first mixed-use, net-zero development. Trail Link Collective is emerging as a new hub for outdoor lifestyle and commerce. And The New Paltz Way, a 28-room boutique hotel at 11 Water Street, is poised to elevate the local hospitality experience. Together, these projects are reshaping downtown with a thoughtful blend of sustainability, innovation, and curated design. The property itself offers exceptional visibility and flexibility. Mixed-use zoning allows for residential above retail, boutique commercial space, tasting rooms, expanded hospitality concepts, or even a two-story parking structure to meet increasing demand. Inside, more than 7,500 square feet of meticulously maintained space pairs with expansive outdoor seating and 72 dedicated parking spaces—making it turnkey for an operator or a compelling canvas for visionary redevelopment. Strategically located just 90 minutes from New York City and Albany, minutes from Exit 18 of the New York State Thruway, and fueled by steady foot traffic from students, hikers, cyclists, tourists, and loyal locals, this address delivers both immediate revenue potential and long-term upside. This is more than a property—it is a legacy location, a proven hospitality environment, and a rare opportunity to secure a cornerstone position in one of the Hudson Valley’s most vibrant and culturally rich communities. The momentum is building. The visibility is unrivaled. The opportunity is here.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air Propane
Cooling Central Air Wall/Window Unit(s)
Utilities None
Security Features Building Security
Construction Materials Advanced Framing Technique
Property Subtype Business
Tax Year 2024
Parcel Number 3801-086.033-0002-007.100-0000
Business Type Restaurant
Waterfront Features River Front
County Ulster County
Property Type Commercial Sale
Building Features Awning(s) Bathrooms Built-in-Features Ceiling Fan(s) High Speed Internet Lobby Signage Included
Directions Follow gps
City New Paltz
Property Attached Y/N N
Tax Annual Amount 44937.25
Showing Instructions Contact listing agent to schedule an appointment
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 1074000
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ExteriorParking Features Common Driveway Off Street Private Valet Common Driveway Off Street Private Valet
Water Source Public
Total Parking 72
Parking Spaces 72
Foundation Details Block
Building Area Total 7476
Waterfront Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
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* Excluded FeaturesList ByNikki A GrzegorzewskiListing Agent
Keller Williams RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $18,468
- Monthly Property Taxes
- $3,745
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $2,060,800
Percent of Sale Price 31%
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.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/4/2026 | $2,999,500 | | Listed Price |