Multi-Family•Mid-Rise•For Sale

44-46 Main Street Cortland, NY

44-46 Main Street , Cortland, New York 13045

Sale Price $699,000
Sale Type Investment
Zoning Commercial
Bldg Type Multi-Tenant
Year Built 1900
Stories 3
Cap Rate 9.59%
Vacancy 90%
Gross Bldg 8,626 SqFt
Land Area .07 Acres
Project Size 11
Net Op Inc $67,000
Market Cortland Multi Family
Sub-Market Cortland Student Housing
Stunning mixed-use commercial property available in the heart of Cortland’s downtown. The two first-floor retail spaces are rented to a tenant who did a beautiful buildout and would like to stay long-term. Ten apartments above boast original woodwork, soaring ceilings, oversized windows, top floor lofts; you have to see these apartments to believe them. Seller takes pride in this building and recently restored facade using original historic design. Many other improvements. Separated utilities will raise your NOI. Call or text for a showing today! This is a great strategic location. On Main Street in Cortland, in the Central Business District. Walking distance to the University and 5 minutes from I-81.
  • Main Street frontage
  • Stunning historic building
  • Commercial and residential space
  • Walking distance to University
  • Beautifully renovated
  • Security system
  • Sprinkler system
  • 3 Phase Electric
  • Central Business District
11/9/2019 3:14:53 AM 11/9/2019 3:14:53 AM

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