47 South Water Street

47 South Water Street, Peekskill, NY 10566

Property Information

  • For Lease $24.00/SF/MO
  • Property Type Retail - Freestanding
  • Property Size 14,000 SF
  • Parking Spaces Avail. 25
  • Date Updated May 14, 2026

Description

Water Street, the property is in a prime location within Peekskill’s waterfront district, offering easy access to local attractions, public transportation, and ample foot traffic. It is near the Peekskill Metro-North station, making it convenient for visitors from surrounding areas. Additionally, it is one block from the waterfront. Surroundings: The area around 47 S Water Street is known for its vibrant arts scene, waterfront views, and a mix of retail, dining, and entertainment options. The building's location is ideal for a business looking to tap into Peekskill's growing popularity as a destination for locals and tourists alike. This property presents a fantastic opportunity for a variety of commercial ventures, particularly those in the food and beverage industry, given its rich history as the home of Peekskill Brewery.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, ing 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 MidHudson 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 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 benets from a blend of open spaces and private rooms..

Highlights

  • Ample Power & Utilities: Designed to support restaurant, brewery, and event operations.
  • First Floor: Existing brewery equipment, bar, and taproom setup.
  • Flexible Upper Floors:
  • Fourth Floor: Open event space.
  • Historic Character: Former brewery building with industrial charm and high ceilings.
  • Ideal Uses: Brewery, distillery, restaurant, food hall, event venue, or mixed-use hospitality concept.
  • Multiple Access Points: Stair and elevator access throughout all floors.
  • Prime Downtown Location: Steps from restaurants, shops, and the Peekskill waterfront.
  • Rooftop Opportunity: Unused rooftop deck with potential for a rooftop bar or lounge overlooking the Hudson River.
  • Second Floor: Fully built-out commercial kitchen and dining area.
  • Strong Downtown Revival: Located within Peekskill’s growing arts, dining, and nightlife district.
  • Third Floor: Ideal for office, creative studio, or storage.
  • Total Size: Approx. 14,000 SF across 4 stories + rooftop deck.
  • Transit Accessible: Just 2 blocks from the Metro-North Train Station (Hudson Line to NYC).
  • Turnkey Brewery/Restaurant Infrastructure:

1 Space Available

47 S Water

Space Type

Retail

Lease Rate

$24.00/SF/MO

Total Space

14,000 SF

Divisible Space

14,000 - 14,000 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Turnkey

Yes

4 Stories plus usable roof deck with Hudson River Views

Contacts

Michael Scrima

Houlihan Lawrence Commercial

Location

Contact Listing Broker
Michael Scrima

Houlihan Lawrence Commercial

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