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Retail Redevelopment-close to SUNY Cortland 219 1/2 Tompkins St 3,515 SF Retail Building Cortland, NY 13045 $543,119 CAD ($154.51 CAD/SF)
Investment Highlights
- Close to SUNY Cortland
- Open floor plan
- Heavy traffic area
Executive Summary
OWNER-FINANCING AVAILABLE! PRIME Location! Long establish as a local landmark restaurant, The Red Dragon. Can still be used as a restaurant with upgrades, or many other retail uses. Large student housing demographic and walking distance to SUNY Cortland. Huge parking, estimate 25 car parking. Outdoor area currently used for dining and is fenced in for noise control. Bar is eclectic with colored glass ceiling tiles, and has an old fashioned atmosphere.
Open floor plan, new roof installed in 2022, Central A/C, radiant floor heat in the banquet room, working fireplace, operable restrooms and handicap accessibility all up to code.
Sale can include a 4 bedroom, 1.5 bath single family home next door to the building on the corner at 221 Tompkins Street (96.31-01-16.000), optional buy. Fantastic opportunity to live next to your business or a possible student rental unit- large commercially zoned swath of land in the City of Cortland with many possibilities.
Open floor plan, new roof installed in 2022, Central A/C, radiant floor heat in the banquet room, working fireplace, operable restrooms and handicap accessibility all up to code.
Sale can include a 4 bedroom, 1.5 bath single family home next door to the building on the corner at 221 Tompkins Street (96.31-01-16.000), optional buy. Fantastic opportunity to live next to your business or a possible student rental unit- large commercially zoned swath of land in the City of Cortland with many possibilities.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
3,515 SF
Building Class
C
Year Built
1974
Price
$543,119 CAD
Price Per SF
$154.51 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
COMMERCIAL - zoning code 05, restaurant
Parking
24 Spaces (6.83 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Courtyard
- Restaurant
- Signage
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 110200 96.31-01-17.000 | Improvements Assessment | $476,958 CAD |
| Land Assessment | $66,162 CAD | Total Assessment | $543,119 CAD |
Property Taxes
Parcel Number
110200 96.31-01-17.000
Land Assessment
$66,162 CAD
Improvements Assessment
$476,958 CAD
Total Assessment
$543,119 CAD
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Retail Redevelopment-close to SUNY Cortland | 219 1/2 Tompkins St
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