Listing Courtesy of: 607.753.6556 - Philip Henry - SVR Realty LLC
607-753-6556
$389,500
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180 Main St Cortland, NY 13045
Apartment
Residence
Beds
Baths
...
Bed/Bath
7,599
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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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.
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MLS#
S1536785
Property Type
Apartment
Year Built
1930
Square Feet
7,599
sq. ft
Lot Size
0.22
Sewer
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