2 Mclean Rd McLean, NY 13045
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.
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.