3918 Ny-281 Cortland, NY 13045
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.
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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
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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.