74 Hamlin StCortland, NY 13045

Property Details for 74 Hamlin St

Year built

1972

Lot size

0.06 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $368,440

  6.5%

  $340,099

  7%

  $315,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $260,554

  Geo Method

  $372,642

• Alternative Use

  Use

  Valuation

  Residential

  $340,099

  Hospitality

  $311,529

  Educational

  $259,188

  Medical

  $268,102

  Retail

  $403,181

Location Insight

City

Cortland

County

Cortland

State

New York

Latitude

42.6068

Longitude

-76.1916

CBSA code

18660

CBSA name

CORTLAND, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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