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    143 Cortland St Groton, NY 13073

    Sponsored
    For Sale
    $279,900

    Prime Groton location, versatile office space.

    Property size:
    2,640 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 2,640 square foot commercial property, situated on a 0.89-acre lot at 143 E Cortland St in Groton, NY, presents a unique investment opportunity. Previously serving as the Groton municipal office building, this well-maintained structure boasts ample parking, a highly desirable village location, and a multitude of potential uses. Imagine establishing a thriving medical practice, professional office suite, or retail business within its walls. The building's adaptability even extends to the possibility of conversion into a spacious ranch-style home, offering unparalleled flexibility for the discerning buyer. The property benefits from Groton's attractive low-cost municipal electric service, a significant advantage in today's market. With the recent award of a New York Forward Grant bringing substantial changes to the village landscape, this property is ideally positioned to capitalize on Groton's exciting future growth. The building's spacious layout and prime location make it an exceptional investment for those seeking a versatile commercial space or a unique residential conversion project. Don't miss this chance to own a piece of Groton's vibrant future. The property is priced at $279,900.

    Property Features for 143 Cortland St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,640 SF
    Lot Size
    38,768 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Groton Village Office Local Government Office Groton Clerk's Office City Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    Tompkins
    State
    New York
    Longitude
    -76.36609
    Latitude
    42.59121

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Groton location, versatile office space.
    Where is this office property / space located?
    The property is located at 143 Cortland St Groton, NY.
    What is the asking price?
    The asking price for this property is $279,900.
    (607) 898-3456
    Request Owner's contact information
    143 Cortland St Groton, NY 13073
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    Groton, NY 13073
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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
    143 Cortland St Groton, NY 13073
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