Commercial Building with Optional Business & Equipment Package

Highlights

• Groton Low-Cost Municipal Power
• Radiant Heated Floors
• Low-Maintenance Steel Building
• Corner Location

Description

Groton Cycle, located at 555 Cortland Road in Groton, New York, offers an 8,736 SF steel-skin, steel-roof commercial building situated on 4.37 acres at the corner of Cortland Road and Lick Street. Built in 2005, the property is configured for sales, service, and light manufacturing uses, currently operating as a motorcycle dealership and repair facility. The site features a showroom, parts area, office, and repair bays, all supported by 40 vehicle parking spaces located at the front.

A one-acre paved riding course is located at the rear of the property and can easily be repurposed for expanded parking, outdoor storage, or contractor yard use. The location offers excellent visibility and corner access, situated between Ithaca and Cortland in a rural trade area that attracts both local traffic and regional destination users.

The property is zoned High Intensity. It is suitable for a range of potential users, including small manufacturing operations, landscaping businesses, light industrial repair services, recreational vehicle or equipment sales, and contractor trades. The building could also be divided to accommodate multiple tenants.

The sale includes the Real estate for $589,900, with the option to purchase the existing 20-year business, Groton Cycle, and its related assets, tools, and inventory under separate terms. The company boasts strong name recognition and consistent annual gross sales. Seller financing is available for the business assets; the Real estate sale must be completed via cash or bank financing.

Located on the SWC of Cortland Rd and Lick Street in the Village of Groton, NY.

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