54 main, Cortland 13045

Investment opportunity knocks! Turnkey commercial building in prime downtown location in Cortland, NY. Home to SUNY Cortland State with thousands of students and faculty. Sale includes updated 6500 square foot commercial building, established deli business of 18 years and three spacious apartments. The building has been meticulously maintained over the years and is in excellent repair. No deferred maintenance here for years equating to increased profit margin and cash flow for new owner. Established cash flowing deli of 18 years with 150k plus net revenue per year without apartment income. Potential for over 200k per year total net revenue with market rents on the apartments. Tax Returns and financial statements can be provided to qualified buyer . With the high volatility of the stock market and bank interest at zero this is a strong investment opportunity.
  • Property Details
  • Features
Property Type: Residential - Multi Family
Total Apartment Units: 3
List price: $799,000
Lease Term: None
Total Tax: $10,386
Address: 54 main Cortland 13045
Town/City: Cortland
School District: Cortland
Style: None
Lot Size: sq ft
Stories: 3
Area: 6500 sq. ft.
Year Built: 1940
Year Description: Existing
Construction: Frame, Brick
Garage Spaces:
Attic type: None
Basement type: Finished, Full
Interior Features: None None
Floors: Ceramic Tile, Laminate, Tile, Carpet, Varies
Appliances: Gas Water Heater
Heating: Forced Air, Gas
Cooling: Central Air
Sewer: Connected
Water: Public, Connected
Lot Information: None
Handicap Access:

Listing courtesy of:
Alliance RE Specialists

  • Residential - Multi Family
  • 3 units
  • 6500 sq ft
  • Cortland school district
  • MLS# S1350965
  • Listing Status: active
  • Save this Listing