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Cortland 13045
180 Main Street
$389,500
↓ $10K (2.5%)
Commercial - For Sale

180 Main Street

Cortland, NY 13045
bedrooms
Studio
bathrooms
0 Bath
$2,482
Estimated Monthly
$0
HOA / Fees
2.73%
Cap Rate

About This Property

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.
Unit Size
-
Days on Market
332 days
Land Size
0.22 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$569
HOA Dues
-
Year Built
1965
Listed By
Last updated: 11 days ago (NYSAMLS #S1474909)

Price History

Date / Event Date Event Price
Apr 17, 2024 Price Decreased $389,500
↓ $10K (2.5%)
Price Decreased
Jan 23, 2024 Price Decreased $399,500
↓ $70K (14.8%)
Price Decreased
Jun 1, 2023 Listed by SVR Realty LLC $469,000
Listed by SVR Realty LLC

Property Highlights

Air Conditioning
Parking Details
Parking Features: Common, On Site, Surfaced
Total Garage and Parking Spaces: 12
Exterior Details

Property Information

Property Condition: Resale
Year Built: 1930

Building Information

Roof: Pitched, Shingle

Lot Information

Rectangular
Lot Size Dimensions: 88X106
Lot Size Acres: 0.2167
Lot Size Square Feet: 9439

Land Information

Land Assessed Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
-
$455,000 Aug 13, 2023
$455,000 Oct 19, 2023
$835/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

180 Main Street 180 Main Street, Cortland, NY 13045
  • 2 Units for Sale
More about this Building
180 Main Street
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