945 Mclean Rd Cortland, NY 13045-3553
- Investment properties
- 4,000 SF
- 0.44 lot acres
Current Use by Public Records
- Brian J. Sirgany, OD / Optometrist
Property Details for 945 Mclean Rd
- Year built
- 1970
- Lot size
- 0.44 lot acres
- Property size
- 4,000 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 112289 95.12-01-09.000
- APU
- 11228995120109000
Description
This exceptional 2,200-square-foot commercial space in Cortland, NY, offers a versatile opportunity for retail or office use. Located at the highly visible, signalized intersection of McLean Road and Route 281, this property boasts over 18,000 cars in daily traffic counts. The single-story, 4,000-square-foot building, constructed in 1970, sits on a 0.44-acre lot and features nine parking spaces. The space itself is ideal for a variety of uses, including medical offices (previously an eye care facility), professional offices, or retail businesses. Its convenient location is situated between Cortlandville Plaza, Kinney Drugs, and Doug's Fish Fry, providing excellent access from the plaza or Route 281 (West Road). The building also houses Tarson Pool and Spa, adding to the established commercial presence. The property is zoned commercial (APN: 1112289 95.12-01-09.000) and has a tax cost per square foot of $2.27. This space presents a unique opportunity to establish a business in a high-traffic area with ample parking. The property is currently vacant and ready for immediate occupancy. The building consists of two suites, with this 2,200 square foot space being the only available unit.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $210,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $200,000
- Mixed-Use
- $185,000
- Hospitality
- $215,000
- Educational
- $220,000
- Residential Income
- $240,000
- Energy
- $185,000
- Income-Based Land
- $185,000
- Food Service
- $205,000
Location Insight
- Map
- Local Demand
- City
- Cortland
- County
- Cortland
- State
- New York
- Longitude
- -76.2124
- Latitude
- 42.5824
- CBSA code
- 18660
- CBSA name
- CORTLAND, NY MICROPOLITAN STATISTICAL AREA
