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    3918 Ny-281 Cortland, NY 13045

    For Lease
    $18 SF/Yr

    Prime Cortland retail space available.

    Lot size:
    134,233 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A retail property, Grand Union Plaza, located at 3918 NY-281 in Cortland, NY 13045, offers 134,233 square feet of retail space across three single-story buildings. Built in 1998, the plaza boasts a strong tenant mix including Tops, Harbor Freight, Metro Mattress, Americu, Cricket, Little Caesars, Cost Cutters, and Smoker's Choice. Two spaces are currently available, ranging from 1,125 to 2,625 contiguous square feet, with a minimum divisible space of 1,125 square feet. The property sits on a 21.25-acre lot and provides ample parking with 400 spaces. Its strategic location benefits from high visibility due to a dedicated traffic signal and access to Groton Ave, proximity to SUNY Cortland, Route 81, and the city's population center. The available spaces are ideally situated between Tops and Harbor Freight, ensuring high foot traffic and excellent exposure. The property features 400-amp power and sixteen total suites. This is a rare opportunity to acquire a well-established retail space in a thriving New York community.

    Property Features for 3918 Ny-281

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    134,233 SF
    Class
    A
    Total Rate
    201349.5

    Building Details

    Year Built
    1998
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 6
    Size
    1,125 SF
    Rate per SF
    $18
    Space
    Available space 5
    Size
    1,500 SF
    Rate per SF
    $18

    HighLights

    • 134,233 SF Class A retail center with strong tenant mix including Tops, Harbor Freight, and others.
    • Two available spaces totaling 2,625 SF, divisible to 1,125 SF.
    • Grocery‑anchored center with high visibility and pylon signage.
    • Ample parking (400 spaces) and signalized entrance with curb cuts on two streets.
    • Excellent location near SUNY Cortland, Route 81, and downtown Cortland.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Cortland
    State
    New York
    Longitude
    -76.2055649
    Latitude
    42.5964781

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Cortland retail space available.
    Where is this neighborhood center located?
    The property is located at 3918 Ny-281 Cortland, NY.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 134,233 SF Class A retail center with strong tenant mix including Tops, Harbor Freight, and others.; Two available spaces totaling 2,625 SF, divisible to 1,125 SF.; Grocery-anchored center with high visibility and pylon signage.
    Request Owner's contact information
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    Cortland, NY 13045
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3918 Ny-281 Cortland, NY 13045
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