Three-Story Mixed-Use
For Sale
$595,000
38 Main Street, Cortland, NY 13045
CommercialSale, Cortland, NY
Property Size6,450 SF
Lot Size0.06 Acres
Price / SF$92.25
Days on Market8
Property Features for 38 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CB
Zoning description
Commercial
Parking
4
Subdivision
Mary Alice Lehrfeld
Lot features
Rectangular, Rectangular Lot
Elementary school district
Cortland
Middle school district
Cortland
High school district
Cortland
Directions
Located on Main Street in downtown Cortland, in the CB Central Business district, near 50 Main St. GPS: 38 Main St, Cortland, NY 13045.
Standard status
Active
APN
110200-086-058-0003-007-000-0000
Size
6,450 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4613
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1956
Floors in Building
3
Number of units
6
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Matt Mastrangelo · License #10401342068
(856) 506-2722
Added: Aug 18
Changed: Aug 25
Last Checked: Aug 25 at 11:06PM
MLS# S1702946
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,450-square-foot mixed-use building spans three stories and was constructed in 1956. The ground level is leased, while the two upper floors are configured for conversion into five one-bedroom, one-bath apartments. Four parking spaces serve the property, and public water and public sewer are available.
Located at 38 Main Street in downtown Cortland, the building is within walking distance of SUNY Cortland. The property is currently 25 percent occupied and includes six units overall. Its redevelopment framework includes potential consideration for federal and New York State historic rehabilitation tax credit programs, subject to National Park Service and New York SHPO certification. Supporting materials include a redevelopment pro forma, rent roll, floor plans, and income and expense detail for qualified buyers.
Located at 38 Main Street in downtown Cortland, the building is within walking distance of SUNY Cortland. The property is currently 25 percent occupied and includes six units overall. Its redevelopment framework includes potential consideration for federal and New York State historic rehabilitation tax credit programs, subject to National Park Service and New York SHPO certification. Supporting materials include a redevelopment pro forma, rent roll, floor plans, and income and expense detail for qualified buyers.
Key Highlights
- 6,450 square feet across three stories; constructed in 1956
- CB Central Business district zoning in downtown Cortland
- Upper floors convert into five one‑bedroom, one‑bath apartments
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
25%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,040
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CB-zoned downtown property includes a leased ground-floor space and apartment conversion opportunity above.
Where is this mixed-use property located?
The property is located at 38 Main Street 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 feet across three stories; constructed in 1956; CB Central Business district zoning in downtown Cortland; Upper floors convert into five one‑bedroom, one‑bath apartments
