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.
S1474909
Single Family, Apartment, 2 Story
Cortland
1930
0.2167
Acres
Public
2
Public Sewer
7,599
Sq. Ft.
Residential,Warehouse
180 Main Street LLC Lands
School Information
Cortland
Interior Features
- Cooling
- Central Air
- Heating
- Gas Heat. .
- Accessibility
- Accessible Approach with Ramp.
Exterior / Lot Features
- Parking
- 12 Parking Spaces. 0 Covered Parking Spaces. Common,On Site,Surfaced.
- Roof
- Shingle
- Lot Dimensions
- 88x106
- Zoning
- Business
- Structural Condition
- Resale
- Additional Exterior/Lot Features
- Rectangular.
Financial Considerations
110200-086-074-0003-022-000-0000
$6,832
Cash, Conventional
Building Only
Loading...