52 Elm St Cortland, NY 13045-2215

This exceptional 8,854 square foot mixed-use building, situated on a 0.21-acre lot at 52 Elm Street in Cortland, NY, presents a unique investment opportunity. Boasting a rich history as a former fire station, this property currently operates as a thriving bar and tavern, complete with a dining area, an attractive bar, a fully equipped kitchen featuring an Ansul fire suppression system and exhaust hood. Recent upgrades include a new rubber roof (installed within the last five years), the addition of central air conditioning, new flooring throughout, updated electrical systems, and a new furnace. Significant improvements have also been made to the apartments. The second floor comprises two 2-3 bedroom apartments, while the third floor offers two 2-bedroom apartments. Each apartment currently rents for $650 per month plus utilities. The fourth floor provides ample attic storage space. A comprehensive sprinkler system is installed throughout the building for enhanced safety. This turnkey operation offers a blend of commercial and residential income streams, making it an attractive proposition for discerning investors seeking a well-maintained, historically significant property with strong rental potential in a desirable location. The property's combination of historical charm and modern updates creates a compelling investment opportunity.