3518 Route 281
Cortland, NY 13045
NN Visionworks- Cortland, NY · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Single-tenant NN-leased retail building situated at the convergence of Route 281 and Route 13, nearby a Walmart Supercenter-anchored shopping center.
- Ample retail and residential presence within a mile of the investment, offering a destination location for consumers.
- Stabilized investment opportunity with 100% occupancy with five remaining years on a NN lease minimizing landlord responsibility.
- Located at a substantial commercial node surrounded by big-box retailers, restaurants, and shopping centers, only 10 minutes to SUNY Cortland.
- The landlord is responsible for the building's roof and structure, and the tenant must maintain the exterior parking lot, lighting, and landscaping.
- Situated in a middle-class community in upstate New York where the average household income is $72,205.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,480 SF
Building Class
B
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.82 AC
Zoning
C
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 112289-095-016-0001-022-000-0000 | Improvements Assessment | $600,000 |
| Land Assessment | $250,000 | Total Assessment | $850,000 |
