Renovated Mixed-Use Storefront
New
For Sale
$539,900
50 Main Street, Cortland, NY 13045
Two-tenant commercial property with a rebuilt facade, active leases, and unfinished basement space for future buildout.
Property Size2,947 SF
Price / SF$183.20
Days on Market4
Property Features for 50 Main Street
General Information
Standard status
Active
Size
2,947 SF
Total Parking Spaces
4
Zoning
CB Central Business district
Occupancy
100%
Net Operating Income
$40,936
Financials
Asking Price
$539,900
Cap Rate
7.58%
Gross Income
$65,442
Additional Details
Road Access
Yes
Building Details
Year Renovated
2025
Buildings
1
Tenancy
Multi
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Matt Mastrangelo · License #10401342068
(856) 506-2722
Source:
Nicholcityrealty
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 24 at 8:48AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This 2,947-square-foot mixed-use commercial building at 50 Main Street in Cortland was gutted and rebuilt in 2025. The property includes a new facade completed through a City of Cortland grant and is currently occupied by two tenants under executed leases. An unfinished basement remains vacant and is excluded from the existing income figures and transaction pricing; any future buildout, permitting, and certificate of occupancy will be the buyer’s responsibility.
The building is located on Main Street within the CB Central Business district, two doors from 38 Main St. Four parking spaces are available. Renovation records, grant documentation, and executed leases are available to qualified buyers. The property is reported at 100% occupancy and a 7.58% capitalization rate based on in-place operations.
The building is located on Main Street within the CB Central Business district, two doors from 38 Main St. Four parking spaces are available. Renovation records, grant documentation, and executed leases are available to qualified buyers. The property is reported at 100% occupancy and a 7.58% capitalization rate based on in-place operations.
Key Highlights
- 2,947 SF mixed‑use commercial building
- Gutted and rebuilt in 2025 with a new facade
- 100% occupied by two tenants
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
795
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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-tenant commercial property with a rebuilt facade, active leases, and unfinished basement space for future buildout.
Where is this mixed-use property located?
The property is located at 50 Main Street Cortland, NY.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 2,947 SF mixed‑use commercial building; Gutted and rebuilt in 2025 with a new facade; 100% occupied by two tenants
