PRIME Location! Building designed in 1974 by architect, Conrad Arnold, as an office building for his design business. Long establish as a local landmark restaurant, The Red Dragon. Can still be used as a restaurant with upgrades, or can also many other retail uses. Large student housing demographic and walking distance to SUNY Cortland. Huge parking, estimate 25 car parking. Outdoor area currently used for dining and is fenced in for noise control. Bar is eclectic with colored glass ceiling tiles, and has an old fashioned atmosphere. Open floor plan, new roof installed in 2022, Central A/C, radiant floor heat in the banquet room, working fireplace, operable restrooms and handicap accessibility all up to code. Sale can include a 4 bedroom, 1.5 bath single family home next door to the building on the corner at 221 Tompkins Street (96.31-01-16.000) for an additional $150,000.00 (optional buy). Fantastic opportunity to live next to your business or a possible student rental unit- large commercially zoned swath of land in the City of Cortland with many possibilities.