Property profile

188 MAIN ST Cortland, NY 13045

OFF-MARKET
Bar, Tavern
Property ID
US63-2398369
4,160 SF 0.06 ac lot Built 1968
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Property summary

AI-generated overview

This mixed-use building is located on Main Street in Cortland, New York, and contains approximately 4,160 square feet on a 0.0631-acre lot. The ground floor previously operated as a bar and restaurant and includes a commercial kitchen, a bar area, two large seating rooms (previously arranged for up to 100 patrons), and two public restrooms. A basement level includes a walk-in cooler, storage space, and street-level access that supports deliveries. The second floor has fire damage and requires complete renovation; it formerly contained a studio apartment, a one-bedroom apartment, and seven individual rental rooms. The building is suited to potential reconfiguration for continued mixed-use or an all-residential layout, depending on required approvals.

Property profile

Verified
Property type Bar, Tavern
Year built 1968
Total area 4,160 SF
Lot 0.06 ac (2,750 SF)
APN 110200 86.82-01-26.0
UPID US63-2398369

Cap rate & NOI

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

Location

188 MAIN ST Cortland, NY 13045
Cortland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
Last sale
$53,000
1 recorded transaction
2025
$53,000
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