64 Main StCortland, NY 13045

  • Mixed-use properties
  • 32,988 SF
For Lease

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
Mixed-use properties
Property subtype
Other investment 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,605,492
    6.5%
    $6,097,377
    7%
    $5,661,850
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,671,272
    Geo Method
    $6,680,828
  • Alternative Use

    Use
    Valuation
    Residential
    $6,097,377
    Hospitality
    $5,585,164
    Educational
    $4,646,792
    Medical
    $4,806,602
    Retail
    $7,228,342
64 Main St, Cortland, New York

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,014
$72,500
$417,500
$490,000
-
$99,315
$571,918
$671,233

FAQs

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