74 Hamlin St Cortland, NY 13045
- Investment properties
- 1,840 SF
- 0.06 lot acres
Current Use by Public Records
- Isaf-Merkur Studio / Portrait Studio
Property Details for 74 Hamlin St
- Year built
- 1972
- Lot size
- 0.06 lot acres
- Property size
- 1,840 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 110200 86.40-02-01.000
- APU
- 11020086400201000
Description
This stunning 1,840 square foot renovated office space at 74 Hamlin St, Cortland, NY, presents a unique opportunity for a variety of businesses. Located on a quiet, tree-lined street in a residential neighborhood, this property offers high visibility and a peaceful atmosphere. Currently configured as a photography studio, the space is easily adaptable to retail or office use. The interior boasts a thoughtfully designed layout including a welcoming reception and waiting area, two private offices, a restroom, a large open flex space ideal for various uses, and a dedicated printing room complete with a kitchen. High-end features include a premium hardwired sound system throughout. The building benefits from a recently updated HVAC system (furnace and AC installed in 2019). The interior walls are easily reconfigurable to suit specific business needs. The 0.06-acre lot provides ample space for potential outdoor use. This property is priced at $230,000 and offers a rare blend of charm, functionality, and modern amenities, making it an exceptional investment opportunity in a desirable Cortland location. Its versatility makes it suitable for a range of businesses, from a coffee shop or bakery to a professional office. The quiet residential setting provides a unique advantage, offering a peaceful work environment while maintaining excellent visibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $240,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $215,000
- Mixed-Use
- $225,000
- Hospitality
- $195,000
- Educational
- $240,000
- Residential Income
- $200,000
- Energy
- $215,000
- Income-Based Land
- $260,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Cortland
- County
- Cortland
- State
- New York
- Longitude
- -76.1916
- Latitude
- 42.6068
- CBSA code
- 18660
- CBSA name
- CORTLAND, NY MICROPOLITAN STATISTICAL AREA
