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Investment Highlights

  • 3,395 SF residence situated on a 0.08 -acre rectangular lot.
  • Central Cortland location offering convenient access to community amenities.
  • Distinctive property opportunity within Cortland County’s residential market.
  • Built in 1900, blending historic character with modern potential.
  • Rectangular lot shape with 42 ft frontage and 83 ft depth.
  • A fully equipped restaurant, A 3-bedroom, 1.5-bath apartment, and A 1-bedroom, 1-bath apartment

Executive Summary

114 Elm Street offers a 3,395 SF mixed-use residence on a 0.08-acre rectangular lot, built in 1900.? This property blends historic character with a central location, providing convenient access to community amenities and regional connectivity.? The building includes a fully equipped restaurant that was operating until recently and remains in ready-to-open condition, a three-bedroom 1.5-bath apartment, and a one-bedroom 1-bath apartment.? Its proximity to Interstate 81 provides excellent visibility and accessibility, making it a strong opportunity for buyers seeking a distinctive property with both commercial and residential potential in Cortland County.?

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,395 SF
Building Class
C
Year Built
1900
Price
$345,621 CAD
Price Per SF
$101.80 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Opportunity Zone
Yes
Zoning
05 - Commercial
Parking
3 Spaces (0.88 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Starbucks
Denny's
Friendly's Ice Cream Shop
Perkins
Planet Fitness
KeyBank
CrossFit
NBT Bank

Property Taxes

Property Taxes

Parcel Number
110200-086-052-0002-017-000-0000
Land Assessment
$28,778 CAD
Improvements Assessment
$168,720 CAD
Total Assessment
$197,498 CAD
  • Listing ID: 41315372

  • Date on Market: 2026-07-16

  • Last Updated:

  • Address: 114 Elm Street, Cortland, NY 13045

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