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Price $54,900

188 Main Street, Cortland, New York 13045, Cortland, New York 13045

  • Square Footage : 4,160 Sqft
  • Visits : 29 in 108 days
$54,900
Features
Heating System :
Gas, Forced Air
Basement :
Full
Parking :
2
Parking Features :
Other, See Remarks
Pool Expense : $0
Roof :
Flat
Sewer :
Public Sewer
Address Map
State :
NY
County :
Cortland
City :
Cortland
Zipcode :
13045
Street : 188 Main Street, Cortland, New York 13045
Floor Number : 0
Longitude : W77° 49' 11.4''
Latitude : N42° 35' 32.4''
MLS Addon
Office Name : Berkshire Hathaway CNY Realty
Association Fee : $0
Bathrooms Total : 0
Building Area : 4,160 Sqft
Building Features :
Other, See Remarks, Public Restrooms
Business Type :
Bar/tavern/lounge
CableTv Expense : $0
Construction Materials :
Brick
DOM : 92
Electric Expense : $0
Elementary School : Other - See Remarks
Flooring :
Other, See Remarks, Vinyl, Linoleum
HighSchool : Cortland Junior-senior High
Internet Address Display : 1
Internet Listing Display : 1
SyndicateTo : Realtor.com
Listing Terms : Cash,Rehab Financing
Lot Features :
Rectangular, Rectangular Lot
LotSize Dimensions : 50X55
Maintenance Expense : $0
MiddleOrJunior School : Other - See Remarks
Parcel Number : 110200-086-082-0001-026-000-0000
Special Listing Conditions :
Standard
Stories Total : 2
Utilities :
Electricity Connected, Sewer Connected, Water Connected
Virtual Tour : Click Here
Zoning : 05
AttributionContact : 607.592.7400
Property Description

This prominently located mixed-use building on Main Street offers an exceptional redevelopment opportunity for investors, owner-operators, or developers. The property features a former bar/restaurant space on the ground floor, complete with a large commercial kitchen, full bar, two spacious dining areas with seating for up to 100 guests, and two public restrooms—ideal for reopening as a hospitality venue, retail space, or converting to commercial office use. The full basement includes a walk-in cooler, ample storage, and convenient street-level delivery access, adding operational flexibility and tenant appeal. The second floor, previously configured with a studio, a 1-bedroom unit, and 7 single-room rentals, requires a complete renovation due to fire damage. This floor presents significant upside potential for conversion to market-rate apartments, short-term rentals, co-living spaces, or office suites. Zoned for mixed-use, the building offers flexibility for a full residential conversion, continued commercial use, or a hybrid configuration. With strong Main Street visibility, generous square footage, and priced well below market to reflect renovation needs, this is a rare value-add opportunity in a high-demand corridor. Bring your vision—and your offers. Motivated seller.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : S1602670
Price : $54,900
Rooms : 7
Square Footage : 4,160 Sqft
Year Built : 1968
Lot Area : 2,750 Sqft
Status : Active
Property Sub Type : Business
Agent info
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