188 Main Street, Cortland, NY 13045

Property Description

This prominently located mixed-use building on Main Street offers an exceptional redevelopment opportunity for investors, owner-operators, or developers. The property features a former bar/restaurant space on the ground floor, complete with a large commercial kitchen, full bar, two spacious dining areas with seating for up to 100 guests, and two public restrooms—ideal for reopening as a hospitality venue, retail space, or converting to commercial office use. The full basement includes a walk-in cooler, ample storage, and convenient street-level delivery access, adding operational flexibility and tenant appeal. The second floor, previously configured with a studio, a 1-bedroom unit, and 7 single-room rentals, requires a complete renovation due to fire damage. This floor presents significant upside potential for conversion to market-rate apartments, short-term rentals, co-living spaces, or office suites. Zoned for mixed-use, the building offers flexibility for a full residential conversion, continued commercial use, or a hybrid configuration. With strong Main Street visibility, generous square footage, and priced well below market to reflect renovation needs, this is a rare value-add opportunity in a high-demand corridor. Bring your vision—and your offers. Motivated seller.