2 Mclean Rd McLean, NY 13045
- Retail properties
- 7,920 SF
Current Use by Public Records
- Retail properties
Property Details for 2 Mclean Rd
- Property size
- 7,920 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This exceptional 7,920 square foot property at 2 McLean Road in Cortland, New York, presents a unique investment opportunity. The historic inn boasts a fully operational restaurant and bar with two banquet halls capable of seating 150 guests. A three-bedroom apartment is located on the upper level, offering versatile living arrangements. The property is in excellent condition, featuring recently installed hardwood floors on the first floor. All fixed equipment, furnishings, fixtures, and even a delivery vehicle are included in the sale price of $334,999 (inventory is extra). The building's prime location offers easy access to both Cortland and Cornell University/Ithaca, situated on a high-traffic roadway. This versatile space presents significant potential for expansion into larger catering or bed and breakfast operations. The current owner is prepared to assist with a smooth transition. Detailed financial information is available upon execution of a non-disclosure agreement. This is a turnkey operation with almost 8,000 square feet of space ready for immediate use or creative redevelopment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McLean
- County
- Tompkins
- State
- New York
- Longitude
- -76.2911
- Latitude
- 42.5526
