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 Market54
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. 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 27
Last Checked: Oct 10 at 6:06PM
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 dates to 1956. The property contains six units, with the ground-floor commercial space currently leased. The upper levels are configured for conversion into five one-bedroom, one-bath apartments. Four parking spaces, public water, and public sewer are included.
Situated on Main Street in downtown Cortland, the property is within walking distance of SUNY Cortland. CB Central Business zoning applies to the parcel. Current occupancy is 25 percent, with existing rent of $25,800 and net operating income of $18,060. A redevelopment plan, rent roll, floor plans, and detailed income and expense information are available to qualified buyers. Historic rehabilitation tax credit eligibility requires National Park Service and New York SHPO certification.
Situated on Main Street in downtown Cortland, the property is within walking distance of SUNY Cortland. CB Central Business zoning applies to the parcel. Current occupancy is 25 percent, with existing rent of $25,800 and net operating income of $18,060. A redevelopment plan, rent roll, floor plans, and detailed income and expense information are available to qualified buyers. Historic rehabilitation tax credit eligibility requires National Park Service and New York SHPO certification.
Key Highlights
- 6,450 square feet across three stories; built in 1956
- CB Central Business district zoning
- Upper floors planned for five one‑bedroom, one‑bath apartments
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - CB Central Business district property with a leased ground-floor commercial space and upper-floor residential conversion plan.
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; built in 1956; CB Central Business district zoning; Upper floors planned for five one‑bedroom, one‑bath apartments
