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157 E Main St

norwich, NY 13815

$497,500

    INTERESTED? LET'S CONNECT

    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

    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

    Amenities & Features

    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

    NYS

    Source of Data: NEW YORK STATE MLS

    Interested in 157 E Main St?