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Peekskill Brewery 47 S Water St 14,000 SF Vacant Flex Building Peekskill, NY 10566 $2,700,000 ($192.86/SF)

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INVESTMENT HIGHLIGHTS

  • Transit Accessible: Just 2 blocks from the Metro-North Train Station (Hudson Line to NYC).
  • Historic Character: Former brewery building with industrial charm and high ceilings.
  • Strong Downtown Revival: Located within Peekskill’s growing arts, dining, and nightlife district.
  • Prime Downtown Location: Steps from restaurants, shops, and the Peekskill waterfront.
  • Ample Power & Utilities: Designed to support restaurant, brewery, and event operations.

EXECUTIVE SUMMARY

47 S Water Street in Peekskill, NY, is a notable commercial property, previously home to the popular Peekskill Brewery. The building itself is a modern, multi-level structure that exudes an industrial yet contemporary vibe, fitting seamlessly into the vibrant, historic character of Peekskill’s waterfront district.
The City of Peekskill has been awarded $10 million through Round 4 of New York State's Downtown Revitalization Initiative DRI for the Mid Hudson region. The DRI award will
catalyze innovative publicly and privately led improvements to Peekskill's downtown and waterfront. These projects will focus on providing safe and convenient pedestrian amenities that link existing community assets with new sites for tourism, the arts, recreation and business growth, generating employment opportunities for a range of skill and wage levels.
Former Use - Peekskill Brewery: Peekskill Brewery was a beloved local establishment, known for its craft beers and community atmosphere. The building was designed to cater to a large volume of customers, with a brewery on-site that added to the building's unique appeal. The brewery's former layout is advantageous for similar uses, such as a brewery, restaurant, or any business that benefits from a blend of open spaces and private rooms.

ATTACHMENTS

47 S Water OM

PROPERTY FACTS

Price $2,700,000
Price Per SF $192.86
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Light Manufacturing
  • General Retail Freestanding
Building Class C
Lot Size 0.50 AC
Rentable Building Area 14,000 SF
No. Stories 4
Year Built 1928
Clear Ceiling Height 10’
Zoning WF-2 - Water Front - Suitable for most commercial and light industrial uses.

AMENITIES

  • Commuter Rail
  • Courtyard
  • Freezer (Space)
  • Metro/Subway
  • Restaurant
  • Security System
  • Roof Terrace
  • Storage Space

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 3,500 SF
  • Retail
  • Full Build-Out
  • Now

This building is also for sale. Rare 14,000 SF, 4-Story Flex/Industrial/Retail Building. Former Peekskill Brewery. Additional Usable 3,500 SF Roof Deck. Magnificent Views of the Hudson River. Elevator Access to All Floors Including Roof Deck. Ground Floor Features Full Brewery and Bar. Second Floor Includes Kitchen and Additional Bar. Refrigerator and Freezer Available. High Ceilings, ADA Restrooms, Security System. Basement Included; Separate Storage Available. Fantastic Parking in Adjacent Dedicated Private Lot; Municipal Parking Also Nearby. Zoning: WF 2 (Multiple Uses Permitted).

  • 2nd Floor
  • 3,500 SF
  • Office
  • Full Build-Out
  • Now
  • 3rd Floor
  • 3,500 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Floor
  • 3,500 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 3,500 SF Retail Full Build-Out Now
2nd Floor 3,500 SF Office Full Build-Out Now
3rd Floor 3,500 SF Office Full Build-Out Now
4th Floor 3,500 SF Office Full Build-Out Now

1st Floor

Size
3,500 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

2nd Floor

Size
3,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
3,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Floor

Size
3,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 3,500 SF
Space Use Retail
Condition Full Build-Out
Available Now

This building is also for sale. Rare 14,000 SF, 4-Story Flex/Industrial/Retail Building. Former Peekskill Brewery. Additional Usable 3,500 SF Roof Deck. Magnificent Views of the Hudson River. Elevator Access to All Floors Including Roof Deck. Ground Floor Features Full Brewery and Bar. Second Floor Includes Kitchen and Additional Bar. Refrigerator and Freezer Available. High Ceilings, ADA Restrooms, Security System. Basement Included; Separate Storage Available. Fantastic Parking in Adjacent Dedicated Private Lot; Municipal Parking Also Nearby. Zoning: WF 2 (Multiple Uses Permitted).

Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1200-032-012-00004-000-0005-1
Land Assessment
$4,500
Improvements Assessment
$18,900
Total Assessment
$23,400
  • Listing ID: 38424498

  • Date on Market: 11/12/2025

  • Last Updated:

  • Address: 47 S Water St, Peekskill, NY 10566

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