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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.
Route-13, 3 miles southwest of central downtown Cortland and 21 miles east of Ithaca.
PROPERTY FACTS Under Contract
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
$27.43
Percent Leased
45%
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’ on Rt-13 Hwy
AMENITIES
- Pylon Sign
- Enclosed Mall
- Drive Thru
PROPERTY TAXES
| Parcel Number | 112289-095-020-0002-006-000-0001 | Improvements Assessment | $6,687,600 |
| Land Assessment | $1,706,000 | Total Assessment | $8,393,600 |
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
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