Property profile

2644 Ny-13 Cortland, NY 13045

OFF-MARKET
Warehouses
9,232 SF 1.73 ac lot Built 1975
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Property summary

AI-generated overview

This 9,232 square foot warehouse, situated on a 1.73-acre lot at 2644 NY-13 in Cortland, New York (zip code 13045), presents a unique investment opportunity. The property, built in 1975, consists of two single-story buildings totaling 9,232 square feet and is currently vacant. Classified as a Class C industrial property, it offers significant flexibility for various uses. The layout allows for adaptation to diverse needs, from large-scale warehousing to smaller workshops or office spaces. The expansive lot provides additional space for future development, should the buyer desire expansion. The property's convenient location directly on Route 13 offers excellent accessibility. While previously used as a wood shop, the space is being cleared, and remaining equipment is potentially negotiable as part of the sale. The asking price for this owner-user investment is $239,000.

Property profile

Verified
Property type Warehouses
Year built 1975
Total area 9,232 SF
Lot 1.73 ac (75,359 SF)

Cap rate & NOI

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

Location

2644 Ny-13 Cortland, NY 13045
Cortland metro
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Value estimations

Realmo proprietary · 4 methods
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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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