Renovated Mixed-Use
For Sale
$539,900
50 Main Street, Cortland, NY 13045
CommercialSale, Cortland, NY
Property Size2,947 SF
Lot Size0.08 Acres
Price / SF$183.20
Days on Market8
Property Features for 50 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CB
Zoning description
Commercial
Rooms
Basement
Parking
4
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 within the CB Central Business district, two doors from 38 Main St.
Subdivision
Cortland-110200
Standard status
Active
APN
86.58-03-10.000
Size
2,947 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
2965
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Building materials
WoodSiding
Roof type
Flat
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# S1702706
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 2,947-square-foot mixed-use commercial building combines a renovated storefront with an unfinished basement. The property was gutted and rebuilt in 2025, including a new facade completed through a City of Cortland grant. Built in 1972, the structure has a flat roof, wood siding, public water, and public sewer.
The building is fully leased to two tenants and reports 100% occupancy. It sits on Main Street in downtown Cortland’s CB Central Business district, with four available parking spaces. The basement is vacant and excluded from current income figures; any future buildout would require permitting and a certificate of occupancy. In-place income reflects a 7.58% capitalization rate.
The building is fully leased to two tenants and reports 100% occupancy. It sits on Main Street in downtown Cortland’s CB Central Business district, with four available parking spaces. The basement is vacant and excluded from current income figures; any future buildout would require permitting and a certificate of occupancy. In-place income reflects a 7.58% capitalization rate.
Key Highlights
- 2,947‑square‑foot mixed‑use commercial building on Main Street
- Gutted and rebuilt in 2025 with a new facade
- 100% occupied by two tenants
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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 - Two tenants occupy this Main Street property within Cortland’s CB Central Business district.
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‑square‑foot mixed‑use commercial building on Main Street; Gutted and rebuilt in 2025 with a new facade; 100% occupied by two tenants
