183 Main Street
Cortland, NY 13045
MLS #S1062887

  • 5,752sq ft
  • 0.22acres
A-Active $299,000
Est. P&I payment: $1141.98/mo
183 Main Street, Cortland, NY 13045
Description for 183 Main Street, Cortland, NY 13045
The beautifully decorated Tavern with a 175 person occupancy rating has been a popular spot for locals for 28 years. Various special activities every night of the week draw patrons all year around. Featuring lots of natural wood and custom fixtures the focal point is a handsome, natural wood horseshoe bar. Just off the bar room you will find a well organized and efficient kitchen equipped with an Ansul System, commercial stove, griddle, fryer and a walk in cooler. Business is attended to in the basement office that also includes a washer/dryer. Open the door everyday with all of your fixed expenses covered. Your mortgage, taxes, utilities and insurance paid for with rental income from 13-rooms (weekly rentals) and 3-apartments (monthly rentals). See brochure for additional information.
MLS #S1062887
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My Notes for MLS #S1062887

General Features

  • Property Type: Commercial/Industrial
  • Property Use: Conforming
  • Status: A-Active
  • Total Num of Units: 15
  • Type Of Building: Bar /Tavern,​Residential,​Restaurant / Food
  • Type of Sale: Normal
  • Year Built: 1880
  • Year Built Description: Existing
  • Num of Residential Units: 15
  • Num of 1 Bedroom Units: 3

Exterior Features

  • Construction: Frame
  • Lot Dimensions Depth: 180
  • Lot Dimensions Frontage: 58
  • Lot Number: 22
  • Lot Shape: Rectangular
  • Num of Acres: 0.22
  • Num of Avl Parking Spaces: 14
  • Num of Buildings: 2
  • Parking Description: Dirt / Stone
  • Roof Description: Asphalt

Interior Features

  • Basement Description: Full
  • Floor Description: Hardwood-Some,​Linoleum/Vinyl
  • Living Quarters Description: Apartment,​Detached,​Other - See Remarks
  • Living Quarters YN: 1
  • Num of Rooms: 13
  • Num of Stories: 2
  • Sq Ft Total: 5,752

Utility Features

  • Electric Service: 120/208V
  • Heating Fuel Description: Gas
  • HVAC Type: Baseboard,​Hot Water
  • Sewer Water: Public Sewer Connected,​Public Water Connected

Financial Features

  • Incomeexpense Information: Estimated,​May Show Books,​Provided By Owner
  • Operating Expenses Include: Accounting/Legal,​Advertising,​Electric,​Gas/Oil,​Insurance,​Licenses/Permits,​Payroll,​Repairs/Maintenance,​Sewer,​Snow Plow,​Supplies,​Utilities,​Water
  • School Tax: 2,775
  • Total Taxes: 7,260
  • Town County Tax: 4,485

Community Features

  • County Or Parish: Cortland
  • Location: Business District
  • Nearest Cross Street: Union Street
  • Public Transportation: 1 Block
  • Village: Not Applicable

School Features

  • School District Name: Cortland

Miscellaneous Features

  • Available Documents: Deed,​Survey
  • Business Name: Penny's One Cent
  • Business Type: Bar/Restaurant
  • Num Years Established: 28
  • Sale Includes: Land,​ Building and Business
  • Seating Capacity: 175
  • Zoning Code: GB


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The listing information for 183 Main Street, Cortland, NY 13045 was graciously provided by our friends at the listing brokerage, Yaman Commercial Industrial

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Last Updated 02/24/2018 at 6:03am
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