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Cortland Commercial Building For Sale
For Sale
$385,000
Pending

219 1/2 Tompkins St, Cortland, NY 13045

Commercial building near SUNY Cortland, suitable for various enterprises.

Property Size3,378 SF
Lot Size0.73 Acres
Days on Market164

Property Features for 219 1/2 Tompkins St

General Information

Standard status Pending
Size 3,378 SF
Lot size 0.73 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $9,727

Building Details

Building Size 3,378 SF
Year Built 1974
Stories 1
Units 1
Listing Agency: Yaman Real Estate
Listed By: Jeffrey Guida · License #10301218984
Source: Elliman
Added: Mar 11 Changed: Aug 16 Last Checked: Aug 20 at 7:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Yaman Real Estate

Investment Insights

Based on property information with market context.

This commercial building, designed in 1974 by architect Conrad Arnold, is located near SUNY Cortland. Previously home to The Red Dragon restaurant, the property is suitable for a restaurant or other commercial enterprise. The building features an open floor plan, central air conditioning, radiant floor heat in the banquet room, a working fireplace, and operable restrooms. Handicap accessibility is up to code. A new roof was installed in 2022. An optional purchase includes the adjacent 4-bedroom, 1.5-bath single-family home at 221 Tompkins Street, offering possibilities for living next to your business or student rentals. The property is located on a large commercially zoned area in the City of Cortland.

Key Highlights

  • PRIME Location near SUNY Cortland
  • Owner‑financing available
  • Suitable for restaurant or other commercial enterprise

Property Analytics

Current Use

Restaurants

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Electrical Service Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

246
Businesses Nearby
Under-served
Demand for This Use

Demographics for 13045, NY

28,406
Population
12,420
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
107.9 sq mi
ZIP Area
263
Density / Sq Mi
$67,028
Median Household Income
$33,869
Median Earnings
$905
Median Rent
$162,700
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Restaurant - Commercial building near SUNY Cortland, suitable for various enterprises.
Where is this restaurant located?
The property is located at 219 1/2 Tompkins St Cortland, NY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: PRIME Location near SUNY Cortland; Owner‑financing available; Suitable for restaurant or other commercial enterprise
More about this property
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