High-Visibility Commercial Building for Sale. Prime location at a busy traffic light, this high-profile property is currently configured as two separate units. Previously home to the renowned Queen Subs, the building boasts significant renovations completed since its purchase in 2022. Key Features include renovations to heating, roof, electric, flooring and more. The extensive updates were made to enhance appeal and functionality for office and take out restaurant. This building offers a flexible configuration with 2 separate units; ideal for multiple uses or rental income. With this High Traffic Location it offers excellent visibility and accessibility at a prominent intersection. Lets get excited about the new parking lot and entry too. For an additional price, the sale can include all business equipment, rights to the Queen Subs brand name, signage, and vanity phone number—perfect for those looking to continue the legacy or establish a turnkey operation. Don’t miss this opportunity to own a landmark property with endless potential! Does this align with your vision?
Buyer will own the land (Building) Not the business. NO LANDLORD RESPONSABILITIES Absolute NNN property with this S&PA = rated tenant. New eight (8) year lease commencing 4/1/2022, with three (3) five year renewal each with a 7% rent increase. income $200,000 per year. Single tenant free standing building with Walgreens as tenant. Prospective Buyer Should Re-Verify All Info By Self., Additional information: Rental Income:Y
Plenty of flexibility! Either 8,100 or 5,400 square feet can be made available, or 11,000 SF to the East side of the building. 11,000 SF and 8500 SF asking $7.50; 8100 SF asking $7. Each space is outfitted with ample power and lighting for various light industrial uses. Less than 5 minutes from I-81 and rail access to the south make this an ideal location for northeast regional distribution or light manufacturing in the Central New York area.
Discover unparalleled potential with this expansive 4800 sqft commercial space, poised to be the cornerstone of your next business venture. Boasting an additional 4800 sqft in the full basement, this property offers abundant space for many enterprises. Key Features include parking: Accommodates 40 vehicles with room for expansion. It is currently equipped with 7 half bathrooms and 1 full bathroom. Lease Status: Currently leased until 10/24 by Guthrie Medical. Endless Possibilities from retail to hospitality, medical to recreational, this versatile property is primed to accommodate many business concepts. Its strategic location and ample amenities make it an ideal canvas for entrepreneurial dreams to flourish. Nestled in a bustling commercial hub, this property enjoys high visibility and convenient access, ensuring maximum exposure to potential customers and clients. Don't miss out on making your mark in this dynamic space. Whether expanding an existing enterprise or embarking on a new venture, this property offers the ideal foundation for success.
Looking for a Historical turnkey business? Palm Gardens is for you. This building was once the home of one of the first fire stations in Cortland over 100 years ago. This historical building hosts a Bar/Tavern with dining area, beautiful bar, kitchen with ansil system and exhaust. New rubber roof within the last 5 years, central air added, new flooring, updated electric, new furnace and some updates in the apartments. Second floor has 2 2-3 bedroom apartments, third floor has 2 2 bedroom apartments, The forth floor has full attic, there is also sprinkler system. The rentals units are each $650/month plus utilities. Make your appt. today!
PRIME Location! Building designed in 1974 by architect, Conrad Arnold, as an office building for his design business. Shortly thereafter it became a local landmark as the home of The Red Dragon restaurant. Building is a perfect setup for a future restaurant, but could be any commercial enterprise and is just a stone throw away from SUNY Cortland. Open floor plan, new roof installed in 2022, Central A/C, radiant floor heat in the banquet room, working fireplace, operable restrooms and handicap accessibility all up to code. Sale can include the (optional) 4 bedroom, 1.5 bath single family home next door to the building on the corner at 221 Tompkins Street (96.31-01-16.000) for an additional $150,000.00. Fantastic opportunity to live next to your business or a possible student rental unit- large commercially zoned swath of land in the City of Cortland with many possibilities!
Prime commercial property located at the corner of Main & Union Sts. in the Cortland City central business district. Four fully rented & 1 vacant commercial units & 2 rented 2-bedroom apartments. Commercial spaces & monthly rents are: 3,500 s/f convenience store ($1,100), 250 s/f smoke shop ($300), 800 s/f vacant shop ($700), 800 s/f hair salon ($500) & 800 s/f heated warehouse with 9' x 10' overhead door ($300). Apartments rent for $600 / month each. Gross monthly rental income is $4,100 / month. Major annual expenses include $6,832 for property taxes, $1,200 for water & sewer & $1,800 for insurance. Each unit pays for its own gas & electricity. Fully renovated 11 years ago: New roof, vinyl siding, 600-amp electric service & hot water heaters. The convenience store offers 10-door, walk-in, display cooler & 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.
This property provides a multitude of purposes with over a half acre. The space historically has been used as a schoolhouse. The upper floor has 2 open rooms, 2 bathrooms and much more. The downstairs offers a kitchenette area with additional space. This property is centrally located in between Cortland and Homer right off of Route 281. Property being sold as-is. Make an appointment today!
The median home value in Cortland, NY is $170,000. This is higher than the county median home value of $168,500. The national median home value is $338,100. The average price of homes sold in Cortland, NY is $170,000. Approximately 39.82% of Cortland homes are owned, compared to 46.11% rented, while 14.07% are vacant. Cortland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cortland real estate agent to arrange a tour today!
Cortland, New York has a population of 17,577. Cortland is less family-centric than the surrounding county with 24.69% of the households containing married families with children. The county average for households married with children is 26.63%.
The median household income in Cortland, New York is $50,697. The median household income for the surrounding county is $62,163 compared to the national median of $69,021. The median age of people living in Cortland is 27.1 years.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 12.9 degrees. The average rainfall is approximately 39.7 inches per year, with 82.9 inches of snow per year.