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Property Attributes
- MLS#S1536785
- TypeCommercial
- CountyCORTLAND
- CityCortland
- AreaCortland
- Neighborhood180 Main Street LLC Lands
- Zip13045
- StyleApartment
- Year Built1930
- Taxes$ 7137
- Price$ 389,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7599
- Lot Size0.2167 Acres
Data Source:
Central New York Information Services (CNYIS)
Property Description
Prime commercial property located at the intersection of Main and Union Streets in the Cortland City central business district. It offers four fully rented commercial locations and two rented 2-bedroom apartments. Commercial spaces and monthly rents are: 3,500 s/f convenience store ($1,350), 800 s/f corner location shop ($750), 800 s/f Union Street side location hair salon with full kitchen, full bathroom, and laundry room ($525), and 800 s/f heated warehouse space with 9’ x 10’ overhead door ($300). Apartments rent for $650 / month each. Gross monthly rental income is $4,225 / month. Major annual expenses include $6,832 for property taxes, $1,200 for water and sewer, and $1,800 for insurance. Each location pays for its own gas and electricity. Fully renovated 11 years ago: New roof, vinyl siding, 600-amp electric service, and hot water heaters. The convenience store offers a 10-door, walk-in, display cooler and a new heating system with central air conditioning. Plenty of paved onsite parking in front of the building. High ceiling basement with easy access to all mechanicals.
Price History | |
---|---|
5/8/2024 | Listed $389,500 |
General Features
Sewer | PublicSewer |
---|---|
Heating | Gas |
Cooling | CentralAir |
Utilities | SewerConnected,WaterConnected |
Possession | CloseOfEscrow |
Roof | BuiltUp,TarGravel |
Zoning | CB |
Construction Materials | Block |
Year Built | 1930 |
Electric | Item240Volts |
Stories | 2 |
Township | Not Applicable |
Levels | Two |
Property SubType | Apartment |
Business Type | Grocery |
County | Cortland |
Property Type | CommercialSale |
Subdivision Name | 180 Main Street LLC Lands |
Possible Use | Residential,Warehouse |
Building Features | Office,PrivateRestrooms |
Status | Active |
Directions | The property is located at the corner of Main Street and Union Street directly across from the intersection with Huntington Street. This is a little way south of the intersection of Main Street and |
City | Cortland |
High School District | Cortland |
Zoning Description | Business |
MLS Area | Cortland-110200 |
Lot Size Units | Acres |
Lot Size Square Feet | 9439.0 |
Waterfront Y/N | No |
Year Built Details | Existing |
Tax Annual Amount | 7137.0 |
Property Condition | Resale |
Lease Considered Y/N | No |
Virtual Tour | https://www.propertypanorama.com/instaview/syr/S1536785 |
Days on Market | 4 |
Standard Status | Active |
Middle/Junior School District | Cortland |
Elementary School District | Cortland |
Tax Assessed Value | 130000 |
TaxOtherAnnualAssessmentAmount | 305.0 |
Tax Lot | 22 |
Virtual Tour | https://www.propertypanorama.com/instaview-tour/syr/S1536785 |
Property Sub Type Additional | Apartment,Commercial |
Interior Features
Total Stories | 2 |
---|---|
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Exterior Features
Parking Features | Common,OnSite,Surfaced |
---|---|
Lot Features | PieShapedLot |
Water Source | Public |
Total Parking | 12.0 |
Inclusions | Building Only |
Lot Size Area | 0.2167 |
Number of Buildings | 1 |
Building Area Total | 7599.0 |
Lot Dimensions | 88X106 |
Lot Size Acres | 0.2167 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool