211 Main St Cortland, OH 44410-1488
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.
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
Similar Nearby for Lease
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.