180 Main Street
Cortland,
NY
13045
Property Details
| List Price: |
$399,500 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
7599 |
| Agency: |
Seven Valley Realty, Inc. |
Description/Comments
| Lot Size: |
-- |
| Property Type: |
Commercial |
| Year Built: |
1930 |
| Notes: |
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 |
| MlsNumber: |
IB408876 |
Estimate Your Monthly Payment
| Listing Provided By: |
Seven Valley Realty, Inc., original listing |
| Name: |
Seven Valley Realty, Inc. |
| Phone: |
(607) 753-6556 |
| Office Name: |
SVR Realty LLC |
| Office Phone: |
(607) 753-6444 |
| Agent Name: |
Philip Henry |
| Disclaimer: |
Copyright © 2024 Ithaca Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
