64 Main StCortland, NY 13045

Property Details for 64 Main St

Year built

1979

Lot size

0.48 AC

Property size (Sq ft)

32,988 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

110200 86.58-03-13.000

APU

11020086580313000

Description

This exceptional retail property at 64 North Main Street in Cortland, New York, offers 5,433 square feet of completely vacant space, ideal for a single tenant or multiple tenants. The property is a free-standing building within a strip center configuration, situated on a 0.46-acre lot. The building provides flexible layouts with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 4,233 square feet, allowing for customization to suit various business needs. The property boasts 28 on-site parking spaces, ensuring convenient access for customers and employees. Its prime location on North Main Street in Cortland, NY (zip code 13045) offers high visibility and significant foot traffic, creating an excellent opportunity for businesses seeking high exposure. The well-maintained building presents a modern and inviting exterior, creating a positive first impression for potential customers. This is a rare opportunity to establish or expand your business in a thriving retail environment. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $6,167,130

  6.5%

  $5,692,730

  7%

  $5,286,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,074,000

  Geo Method

  $4,396,420

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,507,200

  Retail / Commercial

  $5,796,010

  Hospitality / Lodging

  $4,069,020

  Office

  $5,572,870

  Institutional / Educational

  $5,888,620

  Residential Income

  $6,889,690

  Multifamily

  $8,721,090

  Automotive / Energy

  $5,047,390

  Parking / Income-Based Land

  $1,823,410

  Restaurant / Food Service

  $2,784,530

  Healthcare / Senior Housing

  $5,922,510

Location Insight

City

Cortland

County

Cortland

State

New York

Latitude

42.5991

Longitude

-76.1811

CBSA code

18660

CBSA name

CORTLAND, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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