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3918 Ny-281 Cortland, NY 13045

OFF-MARKET
Specialty properties
134,233 SF 21.25 ac lot Built 1998
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Property summary

AI-generated overview

This exceptional Class A retail property, Grand Union Plaza, located at 3918 NY-281 in Cortland, NY 13045, offers 134,233 square feet of retail space across three single-story buildings. Built in 1998, the plaza boasts a strong tenant mix including Tops, Harbor Freight, Metro Mattress, Americu, Cricket, Little Caesars, Cost Cutters, and Smoker's Choice. Two spaces are currently available, ranging from 1,125 to 2,625 contiguous square feet, with a minimum divisible space of 1,125 square feet. The property sits on a 21.25-acre lot and provides ample parking with 400 spaces. Its strategic location benefits from high visibility due to a dedicated traffic signal and access to Groton Ave, proximity to SUNY Cortland, Route 81, and the city's population center. The available spaces are ideally situated between Tops and Harbor Freight, ensuring high foot traffic and excellent exposure. The property features 400-amp power and sixteen total suites. This is a rare opportunity to acquire a well-established retail space in a thriving New York community.

Property profile

Verified
Property type Specialty properties
Year built 1998
Total area 134,233 SF
Lot 21.25 ac (925,650 SF)

Cap rate & NOI

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

Location

3918 Ny-281 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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