Remarks

Investor Alert - Turnkey Medical Facility with an almost 10% Cap Rate in Oneonta's West End Whether you're expanding your portfolio or seeking a secure, income-generating asset, this premier medical facility offers the stability and growth you're looking for! This modern, fully leased dermatology facility is located in the highly sought-after West End of Oneonta and offers a solid return on your investment, making it an attractive option for investors seeking stable, income-producing assets. The space is thoughtfully designed with a spacious waiting area, reception desk, nurses' station, 5 private offices, 10 exam rooms, 2 operating rooms, a records room, and a break room. Conveniently, there are 6 half baths throughout the building. Ample paved parking is available in both the front and rear of the property, with an additional lot at the back for future expansion or added parking. The property is under a triple net lease for the next 3.5 years with an established tenant and includes an option to renew-ensuring consistent cash flow and long-term potential. Perfectly located just minutes from I-88 and close to Cooperstown All-Star Village, this property offers excellent accessibility and visibility. If you're looking for a high-performing investment in a turnkey medical property, this is it. Schedule your private showing today and secure almost 10% return from day one!

Details

MLS#: 11496608
Price: $1,200,000

Style: Commercial Building
Bedrooms: 0
Baths Full: 0
Baths Half: 6
Sq Ft: 5448
Year Built: 1968

County: Otsego
Tax Fee: 20285

School District: ONEONTA CITY SCHOOL DISTRICT