Three-Story Mixed-Use
For Sale
Contact for pricing
38 MAIN ST, Cortland, NY 13045
Downtown commercial property with a leased ground floor and upper-level plans for five apartments.
Property Size6,450 SF
Price / SF$92.25
Days on Market25
Property Features for 38 MAIN ST
General Information
Standard status
Active
Size
6,450 SF
Class
C
Total Parking Spaces
4
Property subtype
Retail, Multifamily, Mixed Use
Zoning
05 - Commercial
Occupancy
25%
Lease Type
NNN
Investment Type
Redevelopment
Net Operating Income
$18,060
Financials
Asking Price
$595,000
Gross Income
$25,800
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
3
Units
6
Tenancy
Multi
Listing Agency:
ElysiumX Team
Listed By:
Matt Mastrangelo · License #10991228639
Source:
Crexi
Added: Aug 7
Changed: Aug 29
Last Checked: Aug 31 at 12:47PM
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 ElysiumX Team
Investment Insights
Based on property information with market context.
This three-story mixed-use property contains 6,450 square feet in downtown Cortland and is zoned 05 - Commercial. The ground level is currently leased and occupied, while the two upper floors are configured for conversion into five one-bedroom, one-bath apartments. Current occupancy is 25 percent, leaving substantial space for the planned residential component and continued commercial use at street level.
The building fronts Main Street and is within walking distance of SUNY Cortland. Its downtown setting places the property along a corridor with independent food and beverage operators, supporting continued commercial activity on the ground floor. The existing tenancy may remain in place, while the upper-level apartment plan provides a defined redevelopment framework. Buyers should independently verify building, zoning, renovation, and operating details.
The building fronts Main Street and is within walking distance of SUNY Cortland. Its downtown setting places the property along a corridor with independent food and beverage operators, supporting continued commercial activity on the ground floor. The existing tenancy may remain in place, while the upper-level apartment plan provides a defined redevelopment framework. Buyers should independently verify building, zoning, renovation, and operating details.
Key Highlights
- 6,450‑square‑foot, three‑story mixed‑use building in downtown Cortland
- Zoned 05 - Commercial
- Ground floor is leased and occupied
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown commercial property with a leased ground floor and upper-level plans for five apartments.
Where is this mixed-use property located?
The property is located at 38 MAIN ST Cortland, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 6,450‑square‑foot, three‑story mixed‑use building in downtown Cortland; Zoned 05 - Commercial; Ground floor is leased and occupied
