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Property profile

3870 West Rd Cortland, NY 13045

OFF-MARKET
Specialty properties
22,598 SF 5.21 ac lot Built 1987
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Property summary

AI-generated overview

This exceptional 22,598-square-foot commercial property, situated on a 5.21-acre lot at the corner of Luker Road and high-traffic West Road in Cortlandville, NY, presents a compelling investment opportunity. Boasting a modern exterior and a large parking lot accommodating 281 vehicles, this multifaceted site is ideally positioned to capitalize on the high daily traffic volume exceeding 18,500 drivers, according to NYSDOT data. The property's convenient location is further enhanced by its proximity to U.S. Highway 81 (within 5 miles). The building, constructed in 1987, features a spacious, tiled customer seating area, multiple office spaces, modern restrooms, and ample storage. The expansive garage area includes twelve "Rotary Lift" hydraulic lifts, eight 14-foot-tall garage doors accommodating various vehicle types (from cars to large commercial vehicles), additional office spaces, employee break areas, work sinks, and abundant storage. The garage is well-lit with fluorescent/mercury vapor shop lights. Seller records are available upon request. This property offers a rare combination of size, location, and features, making it an ideal location for a thriving business. The established neighborhood and recent renovations in public areas further enhance its appeal. This is a turnkey opportunity to establish or relocate a business to a spacious and well-equipped property in a high-traffic area.

Property profile

Verified
Property type Specialty properties
Year built 1987
Total area 22,598 SF
Lot 5.21 ac (226,948 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3870 West Rd Cortland, NY 13045
Cortland metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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