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.Inclusions:Building Only
IB408876
Other
Cortland
1930
0.22
Acres
Public
Frame, Wood Siding
7,599
Sq. Ft.
Residential, Retail, Warehouse
Sewer Available, Water Connected
School Information
Cortland
Other - See Remarks
Interior Features
- Flooring
- Hardwood, Tile, Varies
- Cooling
- Central Air
- Heating
- . Forced Air.
- Basement
- Full
- Accessibility
- Ramps. Doors. Accessible Entrance, Accessible Approach with Ramp.
Exterior / Lot Features
- Exterior
- Frame
- Lot Dimensions
- 68X106
- Additional Exterior/Lot Features
- Corner Lot.
Financial Considerations
110200-086-074-0003-022-000-0000
$4,500
Cash, Conventional
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