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    219 Tompkins Street Ext Cortland, NY 13045

    For Sale
    $385,000

    COMMERCIAL - Cortland, NY

    Property size:
    3,378 SF
    Lot size:
    0.73 Acres
    Days on Market:
    78
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 219 Tompkins Street Ext

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    COM1
    APN
    110200-096-031-0001-017-000-0000
    Parking
    20
    Size
    3,378 SF
    Lot size
    0.73 Acres

    Utilities

    Heating system
    Radiant, Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1974
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick, Frame
    Roof type
    Asphalt

    Yaman Real Estate (607) 753-9644 [email protected]

    Listing agent Jeffrey Guida (607) 753-9644 License #10301218984

    Listing date Sep 29, 2025

    Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cortland Commercial Building with Restaurant Potential

    This commercial building, designed in 1974 by architect Conrad Arnold, is located in Cortland, NY, near SUNY Cortland. Previously home to The Red Dragon restaurant, the property is suitable for a restaurant or other commercial enterprise. The building features an open floor plan, central A/C, radiant floor heat in the banquet room, a working fireplace, and operable restrooms. Handicap accessibility is up to code. A new roof was installed in 2022. The property, zoned COM1, offers owner-financing. The building has a size of 3378 square feet and is situated on a 0.73-acre lot. An adjacent 4-bedroom, 1.5-bath single-family home at 221 Tompkins Street is available for optional purchase, presenting an opportunity for living next to your business or student rental. This commercially zoned land in the City of Cortland offers many possibilities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Cortland
    State
    New York
    Longitude
    -76.196519
    Latitude
    42.587287

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    FAQs

    What type of property is this?
    Restaurant - Commercial building near SUNY Cortland, ideal for restaurant or other ventures.
    Where is this restaurant located?
    The property is located at 219 Tompkins Street Ext Cortland, NY.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - PRIME Location near SUNY Cortland, ideal for commercial ventures.; - Suitable for restaurant use (former home of 'The Red Dragon').; - Owner-financing available.
    (607) 753-9644
    Request Owner's contact information
    219 Tompkins Street Ext Cortland, NY 13045
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    Cortland, NY 13045
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 Tompkins Street Ext Cortland, NY 13045
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