Property profile

393 Tompkins St Cortland, NY 13045

OFF-MARKET
Land
0.5 ac lot
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Property summary

AI-generated overview

This exceptional 0.5-acre commercial land parcel presents a unique investment opportunity in Cortland, New York. Located at 393 Tompkins Street Ext, 13045, this property boasts a strategic location adjacent to an Aldi supermarket, ensuring high visibility and convenient access for potential businesses. The land is priced at $495,000, translating to a land value of $22.73 per square foot. The property features a shared driveway with the adjacent Aldi, simplifying logistics and access. This prime location offers significant potential for a variety of commercial ventures, benefiting from the established retail presence and high traffic volume associated with the supermarket. The property's size and location make it ideal for development, offering a strong return on investment for the discerning buyer. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving New York community. The property is zoned for commercial use (verification of zoning with local authorities is recommended). Act quickly to secure this exceptional investment opportunity.

Property profile

Verified
Property type Land
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

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

Location

393 Tompkins St Cortland, NY 13045
Cortland metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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