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    OFF-MARKET
    Investment properties

    45 Prt Watson St, Cortland, NY 13045-2606

    1,964 SF 0.19 ac lot Built 1985
    Individually Owned ~ Est. High Equity
    Property ID
    US63-0707773
    Property summary
    AI-generated overview

    This exceptional 3,460 square foot commercial building is situated on a 0.19-acre lot at a high-traffic intersection in Cortland, NY, at 45 Port Watson St. The property, previously home to Queen Subs, has undergone significant renovations since 2022, including complete overhauls of the heating, roof, electrical systems, and flooring. These updates have modernized the space, making it ideal for a variety of uses, including office space or a takeout restaurant. The building's flexible configuration features two separate units, presenting opportunities for multiple tenants or a single owner seeking diverse income streams. The prominent location ensures excellent visibility and accessibility, further enhanced by a newly constructed parking lot and improved entryway. This landmark property offers significant potential for a variety of businesses. For an additional cost, the sale includes all existing business equipment, rights to the Queen Subs brand name, signage, and a vanity phone number, providing a turnkey opportunity for a new owner to continue the established legacy or create a new venture. This is a rare chance to acquire a well-maintained, high-traffic commercial property in a desirable location. The asking price is $249,000.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1985
    Total area 1,964 SF
    Lot 0.19 ac (8,100 SF)
    Zoning code 05 - COMMERCIAL
    APN 110200 86.66-02-12.000
    UPID US63-0707773
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Yunyu Yang
    Yunyu Yang
    since 2026
    Last sale
    $158,000
    7 recorded transactions
    2026
    $160,000
    2022
    $158,000
    2021
    2019
    2018
    1969
    1969
    Zoning & alternative use
    05 - COMMERCIAL · Cortland, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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