Description
Investment opportunity knocks! Turnkey commercial building in prime downtown location in Cortland, NY. Home to SUNY Cortland State. Sale includes updated 6500 square foot commercial building, established deli business of eighteen years and three spacious apartments. Building has been meticulously maintained and is in excellent repair . No deferred maintenance here for years equating to increased profit margins for new owner. Established cash flowing deli with 150k plus net revenue per year without apartment income. Potential for over 200k revenue with market rents on the apartments. Financials and tax returns available for qualified buyer. With the high volatility of the stock market and bank interest at zero this is a strong investment opportunity.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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6,500SQFT
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$115$/SQFT
Description
Investment opportunity knocks! Turnkey commercial building in prime downtown location in Cortland, NY. Home to SUNY Cortland State. Sale includes updated 6500 square foot commercial building, established deli business of eighteen years and three spacious apartments. Building has been meticulously maintained and is in excellent repair . No deferred maintenance here for years equating to increased profit margins for new owner. Established cash flowing deli with 150k plus net revenue per year without apartment income. Potential for over 200k revenue with market rents on the apartments. Financials and tax returns available for qualified buyer. With the high volatility of the stock market and bank interest at zero this is a strong investment opportunity.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than MyTown Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-11-30T18:14:35.643.
Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Anton Kowalski of Alliance Re Specialists.