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    393 Tompkins St Cortland, NY 13045

    For Sale
    $495,000

    Prime 0.5-acre commercial lot in Cortland, NY.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.5-acre commercial land parcel presents a unique investment opportunity in Cortland, New York. Located at 393 Tompkins Street Ext, 13045, this property boasts a strategic location adjacent to an Aldi supermarket, ensuring high visibility and convenient access for potential businesses. The land is priced at $495,000, translating to a land value of $22.73 per square foot. The property features a shared driveway with the adjacent Aldi, simplifying logistics and access. This prime location offers significant potential for a variety of commercial ventures, benefiting from the established retail presence and high traffic volume associated with the supermarket. The property's size and location make it ideal for development, offering a strong return on investment for the discerning buyer. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving New York community. The property is zoned for commercial use (verification of zoning with local authorities is recommended). Act quickly to secure this exceptional investment opportunity.

    Property Features for 393 Tompkins St

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • 0.5‑acre commercial land parcel in Cortland, NY.
    • Located at 393 Tompkins Street Ext, 13045, adjacent to an Aldi.
    • Priced at $495,000 ($22.73/SF).
    • Shared driveway with adjacent Aldi.
    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
    Cortland
    State
    New York
    Longitude
    -76.2031287
    Latitude
    42.5836257

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    FAQs

    What type of property is this?
    Land - Prime 0.5-acre commercial lot in Cortland, NY.
    Where is this land located?
    The property is located at 393 Tompkins St Cortland, NY.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 0.5-acre commercial land parcel in Cortland, NY.; Located at 393 Tompkins Street Ext, 13045, adjacent to an Aldi.; Priced at $495,000 ($22.73/SF).
    (518) 810-4203
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    393 Tompkins St Cortland, NY 13045
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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
    393 Tompkins St Cortland, NY 13045
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