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848-854 State Route 13
Cortland, NY 13045

Cortlandville Crossing · Retail Property For Sale

Investment Highlights

  • 260,319 SF Supermarket-Anchored Center is Tenanted By a Mix of National and Regional Tenants.
  • Currently, 49% Occupied, Offering Investors a Significant Value-Add Opportunity

Executive Summary

The subject property is a multi-tenant Price-Chopper, Marshall’s, Dollar Tree and JCPenney-anchored shopping center situated on the east side of State
Route-13, 3 miles southwest of central downtown Cortland and 21 miles east of Ithaca.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
236,980 SF
Building Class
B
Year Built/Renovated
1991/2000
Price
$6,500,000
Price Per SF
$27
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.25
Lot Size
21.63 AC
Zoning
05
Parking
1,070 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
1,550 FT on Rt-13 Hwy

Amenities

  • Pylon Sign
  • Enclosed Mall
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
112289-095-020-0002-006-000-0001
Land Assessment
$1,706,000
Improvements Assessment
$6,687,600
Total Assessment
$8,393,600
  • Listing ID: 21695067

  • Date on Market: 12/8/2020

  • Last Updated:

  • Address: 848-854 State Route 13, Cortland, NY 13045

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