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Property profile

2 Mclean Rd McLean, NY 13045

OFF-MARKET
Retail properties & Spaces
7,920 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,920 SF

Cap rate & NOI

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

Location

2 Mclean Rd McLean, NY 13045
McLean 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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