180 Main Street

Cortland, NY 13045

$389,500
Price
Beds
7,599 Sq. Ft.
$51 / Sq. Ft.
7,599
Sq. Ft.
$51
per Sq. Ft.

Description

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)....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.
  1. Listed by Philip Henry • SVR Realty LLC
    P: 607.753.6556 C: 607-423-3175 valley7phil@yahoo.com
  2. Listed by Stephen Terwilliger • SVR Realty LLC
    P: 607.753.6556 C: 607.423.8711 sterwilliger@sevenvalleyrealty.com

Property Details for 180 Main Street

Subdivision Comm Complex
180 Main Street LLC Lands
On Waterfront
No
Parking Description
Common, On Site, Surfaced
Zoning Code
CB
Nearest Cross Street
Union Street

Location

Listing Courtesy of SVR Realty LLC
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LISTING UPDATED: 04/16/2024 12:51 PM

Property Details for 180 Main Street

StatusActive
MLS #S1474909
Days on Market332
Taxes$6,832 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1930
Lot Size0.22 AC / 9,439 SF
CountyCortland County

Location

Listing Courtesy of SVR Realty LLC
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Building Information for 180 Main Street

Stories2Residences7Year Built1930Lot Size0.22 AC / 9,439 SF

Payment Calculator

$2,695 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,126

Property Taxes

$569

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 180 Main Street

Summary
Location and General Information
  • Accessibility: Accessible Approachwith Ramp
  • Elementary School District: Cortland
  • High School District: Cortland
  • Middle Or Junior School District: Cortland
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Parking Total: 12.00
Taxes and HOA Information
  • Area NYSWIS Code: Cortland-110200
  • Tax Annual Amount: $6,832.00
Property
Lot Information
  • Building Area Total: 7599.0
  • Land Features: Rectangular
  • Num Of Acres: 0.2167
  • Lot Size Area: 0.2167
  • Lot Size Square Feet: 9439.0
  • Lot Size Units: Acres
  • Num Of Buildings: 1
  • Parcel Number: 110200-086-074-0003-022-000-0000
  • Possible Uses: Residential, Warehouse
  • Lot Number: 22
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $130,000
  • Year Built: 1930
  • Year Built Description: Existing
  • Zoning Description: Business
  • Property Sub Type Additional: Apartment, Commercial
Utilities
  • Sewer Description: Public Sewer
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Public
Interior and Exterior Features
Exterior Features
  • Roof Description: Pitched, Shingle
  • Type Of Building: Grocery
Interior Features
  • HVAC Type: Central Air
  • Cooling YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Heating: Gas
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 7599.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
  • Operating Expense Includes: Electric, Insurance, Water Sewer
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Lease YN: No
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 180 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 180 Main Street

Taxable ValueLand$24,300Additions$105,700Total$130,000
Tax Record2023$2,496 ($208 / month)
Home Facts
Total Finished SqFt5,443 SqFtAbove Grade Finished SqFt5,443 SqFtUnfinished Basement SqFt2,156 SqFtStories2Lot Size9,434 SqFtStyleOffice BuildingYear Built1965Zoning05 - COMMERCICountyCORTLANDAPN110200 86.74-03-22.000

Schools near 180 Main Street

This home is within Cortland City School District.
Rating
School
Type
Grades
Distance
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Private - PK to 6
Rating
School
Distance
Randall School
Public5 to 6

Cortland Junior High School
Public7 to 8

Cortland Junior Senior High School
Public9 to 12

St Mary's School
PrivatePK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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180 Main Street is for sale in Cortland, NY 13045. This property was listed for sale on June 1, 2023 by SVR Realty LLC, it's currently listed at $389,500. This listing's school district is Cortland City School District. Nearby schools include Randall School, Cortland Junior High School and Cortland Junior Senior High School. 180 Main Street is a 0-bed, 0-bath, 7,599 sqft built in 1930.

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Listing Courtesy of SVR Realty LLC

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.