Renovated Downtown 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 Market54
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 27
Last Checked: Oct 10 at 5:06PM
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.
Located at 50 Main Street in downtown Cortland, this 2,947-square-foot mixed-use commercial building contains storefront space and an unfinished basement. The property was gutted and rebuilt in 2025, including a new facade, and features wood siding, a flat roof, public water, and public sewer. The basement is vacant and excluded from the current income figures.
The building is 100% occupied by two tenants and carries a 7.58% capitalization rate based on in-place operations. Four parking spaces are available on site. CB Central Business zoning supports the property’s downtown commercial setting, while executed leases, renovation records, and grant documentation are available to qualified buyers.
The building is 100% occupied by two tenants and carries a 7.58% capitalization rate based on in-place operations. Four parking spaces are available on site. CB Central Business zoning supports the property’s downtown commercial setting, while executed leases, renovation records, and grant documentation are available to qualified buyers.
Key Highlights
- 2,947 SF mixed‑use commercial building at 50 Main Street
- Gutted and rebuilt in 2025 with a new facade
- 100% occupied by two tenants
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully occupied commercial property with updated frontage, public utilities, and four on-site parking spaces in Cortland’s 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 SF mixed‑use commercial building at 50 Main Street; Gutted and rebuilt in 2025 with a new facade; 100% occupied by two tenants
