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180 Main St Cortland, NY 13045

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For Sale
$399,500

Corner lot with commercial units, apartments, and warehouse space.

Type:General Commercial
Property size:
7,599 SF
Added:
Feb 14, 2023
Days on Market:
1159
Last Refresh:
Apr 1 at 8:25 pm

Property Features for 180 Main St

General Information

Standard status
Active
Size
7,599 SF
Property subtype
General Commercial

Building Details

Year Built
1930

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Listing Contact
Philip Henry

Listing agent Philip Henry

Listing office SVR Realty LLC

Listing date Feb 14, 2023

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVR Realty LLC


Overview

Mixed-Use Commercial Property in Cortland

This commercial property is located at the corner of Main and Union Streets in the central business district of Cortland City. The property features four fully rented commercial units, one vacant commercial unit, and two rented two-bedroom apartments. The commercial spaces include a 3,500 square foot convenience store, a 250 square foot smoke shop, an 800 square foot vacant shop, an 800 square foot hair salon, and an 800 square foot heated warehouse with a 9' x 10' overhead door. The apartments rent for $600 per month each. The gross monthly rental income is $4,100 per month. Major annual expenses include $6,832 for property taxes, $1,200 for water and sewer, and $1,800 for insurance. Each unit is responsible for its own gas and electricity. The property was fully renovated 11 years ago with a new roof, vinyl siding, 600-amp electric service, and hot water heaters. The convenience store includes a 10-door, walk-in, display cooler and a new heating system with central air conditioning. Paved on-site parking is available in front of the building. The property also features a high-ceiling basement with easy access to all mechanicals. The property size is 7599 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

TECH BYTES Computer & Electronic Repair Super Lucky Express ... Freight Service Daily grind south Grocery & Convenience Store South smoke shop (Bike/Boat/Book/etc) Store Smoker's Outlet (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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  • Local Demand
City
Cortland
County
Cortland
State
New York
Longitude
-76.1802851
Latitude
42.5932224

FAQs

What type of property is this?
Mixed-use property - Corner lot with commercial units, apartments, and warehouse space.
Where is this mixed-use property located?
The property is located at 180 Main St Cortland, NY.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Prime commercial property in Cortland City's central business district at the corner of Main & Union Sts.; Five fully rented commercial units and two rented 2‑bedroom apartments generating $4,100 gross monthly income.; Fully renovated 11 years ago with new roof, vinyl siding, 600‑amp electric service, and hot water heaters.
More about this property
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