$240,000
$249,999
4.0%For more information regarding the value of a property, please contact us for a free consultation.
11,520 SqFt
SOLD DATE : 02/27/2024
Key Details
Sold Price $240,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 11,520 sqft
Price per Sqft $20
MLS Listing ID S1482971
Sold Date 02/27/24
Construction Status Existing
HOA Y/N No
Year Built 1889
Annual Tax Amount $10,175
Lot Size 3,127 Sqft
Acres 0.0718
Lot Dimensions 34X92
Property Description
The historic Tarbell Building, located in the Village of Marathon, NY, was constructed in the Queen Anne style in 1885. Well maintained and preserved, owning this piece of history is a viable investment located on the Corner of Cortland Street and Main Street and just seconds from Interstate 81 North and South. The Marathon exit on I-81 is a simple on and off with lodging, gas, and restaurants. Historically this building was a trading post with a restaurant and inn. The building grosses over $50,000 a year and has been transformed into 6 units that include the commercial space on the 1st floor and 5 apartment units (3 one bedrooms and 2 two bedrooms) on the 2nd and 3rd floor. The commercial space has a garage bay, rear entrance, and front entrance. The building boasts character throughout, offers on-site and on-street parking, has plenty of storage, and is ready for the next owner to carry it through into the next phase of its existence. Don't miss out on this investment opportunity.
Location
State NY
County Cortland
Area Marathon-Village-113401
Zoning COM1
Direction Route 81 to Marathon exit, follow Cortland Road to the corner of Main and Cortland, building is on your left.
Rooms
Basement Full, Storage Space
Interior
Heating Electric, Baseboard
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Built-Up,Pitched,Tar/Gravel
Total Parking Spaces 8
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status Existing
Schools
School District Marathon
Others
Tax ID 113401-158-017-0002-004-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Berkshire Hathaway HomeServices Heritage Realty
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