Property profile

79 North St Cortland, NY 13045

OFF-MARKET
Land
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Property summary

AI-generated overview

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 profile

Verified
Property type Land

Cap rate & NOI

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

Location

79 North St 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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