143 E Cortland St Groton, NY 13073
For Sale
1 / 24
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.
-
Groton Village Office Local Government Office
-
Groton Clerk's Office City Government Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.