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
5,480 Sq Ft
0.56 Private Acres Exterior Space
Commercial
$14,431 Annual Tax
Built in 1988
MLS/Listing ID R1608091
2 Stories
1 Units
Membrane
Linoleum
Vinyl
Heating - Gas
Parking - On Site
Rubber
Office
Accessible Full Bath
Accessible Approach with Ramp
Accessible Doors
Accessible Hallways
Construction - Attic Crawl Hatchways Insulated
Construction - Brick
Construction - Frame
Carpet
KEVIN D. WALSH - 607-226-8880
Source of Data: NEW YORK STATE MLS