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.
408876
Other
Cortland
1930
0.22
Acres
Public
Frame
Public Sewer
School Information
Cortland
Cortland
Interior Features
- Flooring
- Tile, Wood
- Heating
- Gas Heat. Forced Air.
- Basement
- Full
Exterior / Lot Features
- Exterior
- Frame
- Roof
- Shingle - Asbestos
- Lot Dimensions
- 68 x 106
- Zoning
- CB
Financial Considerations
110200-086-074-0003-022-000-0000
$4,500
Loading...