45 Prt Watson St, Cortland, NY 13045-2606
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.
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
05 - COMMERCIAL · Cortland, NYCortland. Always verify with local authorities before improvements.
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.