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170 Port Watson St Cortland, NY 13045

Sponsored
For Sale
$4,700,000

Walgreens-Leased Industrial Building, High ROI

Property size:
13,813 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional investment opportunity presents a single-tenant, free-standing industrial building located at 170 Port Watson St, Cortland, NY. The property encompasses 13,813 square feet and is situated on a 0-acre lot. The building is currently leased to Walgreens under a new eight-year lease agreement commencing April 1, 2022. This lease includes three five-year renewal options, each with a 7% rent increase. The current annual rental income is $200,000, making this an attractive, stable investment. The sale includes the building itself

Property Features for 170 Port Watson St

General Information

Property type
Industrial properties
Square Feet
13,813 SF

Property Profile Location Intelligence

Current Use by Public Records

Walgreens Photo Passport Photo Processor FedEx OnSite Mailing Service Rite Aid Drug Store Walgreens Pharmacy Pharmacy Cardtronics ATM Atm

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
Out of Area
State
New York
Longitude
-76.1661
Latitude
42.59872

FAQs

What type of property is this?
Industrial property - Walgreens-Leased Industrial Building, High ROI
Where is this industrial property located?
The property is located at 170 Port Watson St Cortland, NY.
What is the asking price?
The asking price for this property is $4,700,000.
More about this property
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