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    79 North St Cortland, NY 13045

    Sponsored
    For Sale
    $299,000

    Prime Commercial Land: Drive-thru potential, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land parcel, located at 79 North Street in Cortland, New York (zip code 13045), presents a unique development opportunity. Priced at $299,000, the property is zoned for commercial business use and offers significant advantages for prospective developers. The site boasts pre-approval for a building up to 5,700 square feet, incorporating a convenient drive-thru option. A dedicated curb cut is already in place, streamlining the development process. Situated on NY-38, this location benefits from high visibility and significant traffic volume, with an average annual daily traffic count (AADT) of 11,847 vehicles. Its strategic position midway between Ithaca and Cortland, NY, places it within easy reach of a substantial population base. Furthermore, the property's proximity to Tompkins County Community College (TC3), Cortland State, Cornell University, and Ithaca College ensures a consistent flow of potential customers. This is a rare opportunity to acquire a well-situated, commercially zoned lot with pre-approved plans, making it ideal for a variety of businesses seeking high visibility and convenient access. The property is adjacent to a Walgreens, further enhancing its desirability and potential for success.

    Property Features for 79 North St

    General Information

    Property type
    Land

    HighLights

    • $299,000 asking price for commercial land.
    • Located at 79 North St, Cortland, NY 13045.
    • Zoned for commercial business use.
    • Pre‑approved for up to 5,700 SF building with drive‑thru, separate curb cut.
    • High visibility on NY‑38, 11,847 AADT.
    • Near Tompkins County Community College, Cortland State, Cornell, and Ithaca College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Tompkins
    State
    New York
    Longitude
    -76.298088153868
    Latitude
    42.497086424833

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land: Drive-thru potential, high visibility.
    Where is this land located?
    The property is located at 79 North St Cortland, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: $299,000 asking price for commercial land.; Located at 79 North St, Cortland, NY 13045.; Zoned for commercial business use.
    Request Owner's contact information
    79 North St 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
    79 North St Cortland, NY 13045
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