# 50 Main Street, Cortland, NY 13045

> **TL;DR:** commercial, $539,900 ($183/sqft), built 1972, 2,947 sqft. Est. $2,887/mo. Listed 77 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $539,900 |
| Price/sqft | $183 |
| Square Feet | 2,947 |
| Year Built | 1972 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Stories | 1 |
| Property Type | Commercial (Office) |
| Status | Active |
| Days on Market | 77 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,730 |
| Estimated Insurance | $157 |
| **Total** | **$2,887** |

## Property Highlights

- Built in 1972
- 0.08 acre lot
- 4 parking spaces

## Description

### Agent Description
Fully leased downtown Cortland storefront, gutted and rebuilt in 2025 with a new facade completed through a City of Cortland grant. 2,947 SF mixed-use commercial building on Main Street in the CB Central Business district, currently 100% occupied by two tenants producing $65,442 of confirmed gross annual income. Net operating income of $40,936 places the $539,900 asking price at a 7.58% capitalization rate on in-place income alone, and a buyer at 25% down cash flows from day one. The unfinished basement is vacant and is not included in the income figures or in the price. Built out, permitted and leased, it represents meaningful additional upside for the next owner; buyer is responsible for the buildout, permitting and certificate of occupancy. Situated two doors from 38 Main St in the heart of the downtown core, with four available parking spaces. Executed leases, renovation documentation and grant paperwork available to qualified buyers.

## Location

- **Address:** 50 Main Street, Cortland, NY 13045
- **County:** Cortland
- **Coordinates:** 42.608382, -76.19112
- **Google Maps:** https://www.google.com/maps?q=42.608382,-76.19112

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/instaview/syr/S1702706

## Listing Agent

- **Name:** Matt Mastrangelo · **License:** 10401342068
- **Brokerage:** Real Broker NY LLC
- **Broker Phone:** (855) 450-0442

## Photos

![50 Main Street - Photo 1](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2201187586r.jpg)

![50 Main Street - Photo 2](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f3180618642r.jpg)

![50 Main Street - Photo 3](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2106202725r.jpg)

![50 Main Street - Photo 4](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2647352784r.jpg)

![50 Main Street - Photo 5](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1034275729r.jpg)

![50 Main Street - Photo 6](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f3907578374r.jpg)

![50 Main Street - Photo 7](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1506793414r.jpg)

![50 Main Street - Photo 8](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f4172082465r.jpg)

![50 Main Street - Photo 9](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1837425097r.jpg)

![50 Main Street - Photo 10](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1727620887r.jpg)

![50 Main Street - Photo 11](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2811175445r.jpg)

![50 Main Street - Photo 12](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1322064799r.jpg)

![50 Main Street - Photo 13](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1018222479r.jpg)

![50 Main Street - Photo 14](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2429323308r.jpg)

![50 Main Street - Photo 15](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2272477210r.jpg)

![50 Main Street - Photo 16](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1948123463r.jpg)

![50 Main Street - Photo 17](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f58460414r.jpg)

![50 Main Street - Photo 18](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f3148038339r.jpg)

![50 Main Street - Photo 19](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1483084338r.jpg)

![50 Main Street - Photo 20](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2791430259r.jpg)

![50 Main Street - Photo 21](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f3330263695r.jpg)

![50 Main Street - Photo 22](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2935641028r.jpg)

![50 Main Street - Photo 23](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f975132990r.jpg)

![50 Main Street - Photo 24](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f578268870r.jpg)

![50 Main Street - Photo 25](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2931113532r.jpg)

![50 Main Street - Photo 26](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f3790153342r.jpg)

![50 Main Street - Photo 27](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f199179643r.jpg)

![50 Main Street - Photo 28](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f2448612202r.jpg)

![50 Main Street - Photo 29](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f3076958154r.jpg)

![50 Main Street - Photo 30](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1125093315r.jpg)

![50 Main Street - Photo 31](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f1559227958r.jpg)

![50 Main Street - Photo 32](http://lh.rdcpix.com/94b50ca33ced8bf660a5645759539caal-f3345710703r.jpg)

---

**MLS#:** S1702706 | **Updated:** 2026-10-22
**Source:** listhub

*Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/50-main-street-cortland-ny-13045-dd3d266ea61b471ba762b92401b920ab)

---

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