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Property profile & analytics
FOR SALE
Industrial land

143 E Cortland St Groton, NY 13073

6 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US63-5089494
Property summary
AI-generated overview

This exceptional 2,640 square foot commercial property, situated on a 0.89-acre lot at 143 E Cortland St in Groton, NY, presents a unique investment opportunity. Previously serving as the Groton municipal office building, this well-maintained structure boasts ample parking, a highly desirable village location, and a multitude of potential uses. Imagine establishing a thriving medical practice, professional office suite, or retail business within its walls. The building's adaptability even extends to the possibility of conversion into a spacious ranch-style home, offering unparalleled flexibility for the discerning buyer. The property benefits from Groton's attractive low-cost municipal electric service, a significant advantage in today's market. With the recent award of a New York Forward Grant bringing substantial changes to the village landscape, this property is ideally positioned to capitalize on Groton's exciting future growth. The building's spacious layout and prime location make it an exceptional investment for those seeking a versatile commercial space or a unique residential conversion project. Don't miss this chance to own a piece of Groton's vibrant future. The property is priced at $279,900.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 6 ac (261,360 SF)
APN 502801 308.-1-1.7
UPID US63-5089494
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Groton Village Office Local Government Office
  • Groton Clerk's Office City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Chatham Sheepherding LLC · 2 yrs held
Chatham Sheepherding LLC
since 2023
Last sale
$60,000
2 recorded transactions
2023
$60,000
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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