109 Homer Avenue Cortland, NY $ 1,200,000
109 Homer Avenue
$ 1,200,000
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109 Homer Avenue

Cortland, NY, 13045
$ 1,200,000
Bedrooms-- Baths-- Sq 820

Monthly Estimate*

$ 7,389

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Commercial Property for sale in Cortland, NY

for $1,200,000. This 820 square foot building was built in 1900 on a lot size of 0.3733.

Rare opportunity to acquire a well-established chain of three highly successful ice cream shops with strong, consistent sales and excellent brand recognition. Two locations are uniquely housed in beautifully renovated railroad cabooses—creating a memorable, destination-style experience—while the third is a popular free-standing stand. The portfolio includes: Ice Cream Caboose – Groton (renovated caboose; land and building convey) Frosty Caboose – Cortland (renovated caboose; land and building convey) Frosty Cow (free-standing stand on leased land) Each location is well equipped with numerous newer pieces of ice cream and service equipment, allowing for efficient operations and immediate continuity for a new owner. The Cortland location is further enhanced by a large storage barn, while additional storage is provided by a storage trailer in Groton and a storage shed at the Dryden-area location, offering excellent capacity for inventory, supplies, and seasonal needs. This is a true turn-key operation with a proven track record, strong financial performance, and significant upside potential through continued branding, expanded hours, or menu growth. The business is being offered for sale solely due to the owners’ retirement, not performance. To ensure a smooth transition, the owners are willing to remain on after closing to train the new buyer. Complete financials are available to qualified buyers with a signed confidentiality agreement. Ideal for an owner-operator or investor seeking a fun, profitable, and established business with real estate included in two prime locations. Also listed as​​‌​​​​‌​​‌‌‌​​‌​​‌‌‌​​‌ MLS:S1660047

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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 1,996

Style

Business

Lot Size

0.3733

Year Built

1900

Town/City

Cortland

County/Region

Cortland

MLS | Web ID

S1660046

Features
General
Sewer PublicSewer
Heating Electric HeatPump
Cooling HeatPump CentralAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Metal
Zoning 05
Construction Materials Frame MetalSiding Other SeeRemarks
School District Cortland
Year Built 1900
Stories Count 1
Township Not Applicable
Levels One
Property Subtype Business
County Cortland
Property Type CommercialSale
Status Active
Directions Cortland location: Groton Ave North on Homer Ave Property on the Right. Groton location: Main Street South on West South Street Property on the Right. Dryden Location: From Cortland Route 13 into D
City Cortland
High School District Cortland
Zoning Description Business
Number Of Units Total 0
MLS Area Cortland-110200
Lot Size Units Acres
Lot Size Square Feet 16259.0
Year Built Details Existing
Tax Annual Amount 1996.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1660046 https://www.propertypanorama.com/instaview-tour/syr/S1660046
Standard Status Active
Middle/Junior School District Cortland
Elementary School District Cortland
Tax Assessed Value 100000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 1
Property Sub Type Additional Business Commercial
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Interior
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Lot Features Rectangular RectangularLot
Water Source Public
Total Parking 24.0
Inclusions Equipment Land Building and Business Other - See Remarks
Lot Size Area 0.3733
Number of Buildings 4
Building Area Total 820.0
Lot Dimensions 125X131
Lot Size Acres 0.3733
Waterfront Y/N No
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Internal Only
Street Number 1 109
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* Excluded Features
List By
Tompkins Cortland Real Estate

Broker

(607) 898-3456

Phone

Affordability Calculator

$7,555
Per Month
98%
2%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$166
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3038306 Elementary School
3038340 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/3/2026$1,200,000 Listed Price

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109 Homer Avenue, Cortland, NY, 13045 is a Commercial Property for sale at $1,200,000 with 820 sqft and a lot size of 0.3733. 109 Homer Avenue was built in 1900. The property's zip code is 13045 which is in Cortland, NY