Remarks

Exceptional Investment Opportunity – Medical Office Building with NNN Lease.

Turnkey commercial investment in the heart of Norwich, NY. This well-maintained brick Medical Arts Building is home to a highly respected and established healthcare provider/dermatology practice offering over 160 locations throughout nine US states.

Triple Net Lease in place with 3 years remaining and a 5-year renewal option.

Current rent is $5,000/month with a Capitalization Rate of 12.06%.

High-visibility location with strong regional tenant brand recognition.

Well-kept brick structure offering minimal owner responsibility. Property offers 30+ parking spaces and convenient ramped access to reception area and medical rooms.

This is a rare chance to own a stabilized income-producing asset with a trusted medical tenant in an easily accessible location near the center of the City of Norwich. Ideal for investors seeking consistent cash flow with minimal overhead.

Please refer to the attached interior 3D tour for a walkthrough of the interior main floor interior:
https://bit.ly/Tour157EastMainStHere

Details

MLS#: R1608091
Price: $497,500

Style: Commercial
Sq Ft: 5480
Year Built: 1988

County: Chenango
Subdivision: Olendorf Tr
Lot Size: 80X125
Tax Fee: 14431

School District: Norwich