219 Tompkins St Cortland, NY 13045

This exceptional 3,378 square foot commercial building, situated on a 0.73-acre lot at 219 1/2 Tompkins Street in Cortland, NY, presents a unique investment opportunity. Originally designed in 1974 by renowned architect Conrad Arnold as his office, it later gained prominence as the beloved Red Dragon restaurant, establishing itself as a local landmark. The building boasts an open floor plan, ideal for a variety of commercial uses, making it perfect for a restaurant or other enterprise. Its prime location is just a short distance from SUNY Cortland, offering significant potential for student-oriented businesses. Recent upgrades include a new roof (2022), central air conditioning, and radiant floor heating in the banquet room. The property also features a working fireplace, fully compliant restrooms, and handicap accessibility, ensuring compliance with all relevant codes. An optional purchase includes the adjacent 4-bedroom, 1.5-bathroom single-family home at 221 Tompkins Street for an additional $150,000, providing the possibility of owner-occupied living or a lucrative student rental property. This expansive commercially zoned property offers immense potential and is priced at $450,000. Don't miss this chance to own a piece of Cortland's history and capitalize on its vibrant commercial landscape.