211 Main St, Cortland, OH 44410-1488

Property Details for 211 Main St

Year built

1941

Lot size

0.55 lot acres

Property type

Retail space

APN

34-101596

APU

34101596

Description

This exceptional mixed-use property, located at 211 W Main Street W Unit 211-211A in the heart of downtown Cortland, Ohio, presents a compelling investment opportunity. Situated on a 0.07-acre lot at the corner of West Main Street and South Bank Street, this building offers 3,840 square feet of space. The first floor, zoned S-1 Service District, comprises approximately 1,638 square feet of vacant commercial/retail space, providing immediate potential for lease income. The second floor features two residential apartments: a one-bedroom, one-bathroom unit currently renting for $425 per month, and a two-bedroom, one-bathroom unit renting for $495 per month. The first floor has one bathroom. Access to the first floor is via a front entrance on West Main Street and a rear entrance/exit leading to a gravel parking lot accessible from South Bank Street. Tenants utilize the rear parking lot. The apartments are accessed via a rear walk-up stairwell. Tenants are responsible for their own baseboard electric costs. The condition of the roof is unknown. Note that any income or expense projections are unconfirmed. This property offers a unique blend of commercial and residential income streams in a desirable downtown location. The vacant commercial space presents a chance to customize and lease to a tenant that complements the existing residential occupancy. This is an excellent opportunity for an investor seeking a property with immediate income and significant upside potential.

Location Insight

City

Cortland

County

Trumbull

State

Ohio

Longitude

-80.7291

Latitude

41.3298

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments