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180 Main St Cortland, NY 13045

For Sale
$495,000

Downtown plaza with commercial spaces, apartments, and storage units.

Lot size:
0.22 Acres

Property Features for 180 Main St

General Information

Lot size
0.22 Acres

Building Details

Year built
1930

Source: Yaman Real Estate Agent Ashley Warfield

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


Overview

Mixed-Use Plaza with Income Potential

This mixed-use property features a shopping plaza with four commercial spaces, two residential apartments, and two storage bays, situated in a downtown location. Each unit has separate heating and electric services. The main level commercial spaces include a 4,000-square-foot convenience store (currently occupying two spaces), a salon, a food service company, a 500-square-foot heated storage/warehouse space with a 10x10 overhead door, and a 6x10x10 storage space for additional income. Upgrades within the last 15 years include a 600 amp electrical service, updated furnaces, hot water tanks, and central air in the convenience store. The building has been updated with new commercial doors, windows, and a roof. The two-bedroom apartments upstairs have also been renovated. The apartments are currently under rented, presenting an opportunity for increased rental income. Maintenance expenses are low due to the absence of grass. The owner is responsible for snow removal and water/sewer services, while tenants handle their own trash removal.
Insight Report Location Intelligence

Current Use by Public Records

TECH BYTES Computer Repair Service Super Lucky Express ... Transportation Service Daily grind south Convenience Store South smoke shop Tobacco Shop Smoker's Outlet Hookah Store

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
Cortland
State
New York
Longitude
-76.1802851
Latitude
42.5932224

FAQs

What type of property is this?
Strip mall - Downtown plaza with commercial spaces, apartments, and storage units.
Where is this strip mall located?
The property is located at 180 Main St Cortland, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: - Diverse income streams from 4 commercial spaces, 2 residential apartments, and 2 storage bays.; - Prime downtown location.; - Separate heat and electric for each unit.
More about this property
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