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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

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    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.
    (718) 749-9501
    Request Owner's contact information
    170 Port Watson St 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
    170 Port Watson St Cortland, NY 13045
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