About 157 E Main Street
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
Features of 157 E Main Street
| MLS® # | R1608091 |
|---|---|
| Price | $497,500 |
| Bathrooms | 0.00 |
| Square Footage | 5,480 |
| Square Footage | 24394 |
| Acres | 0.56 |
| Year Built | 1988 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 157 E Main Street |
|---|---|
| Area | Norwich-City |
| Subdivision | Olendorf Tr |
| City | Norwich-City |
| County | Chenango |
| State | NY |
| Zip Code | 13815 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Features | Rectangular, Rectangular Lot |
| Parking Spaces | 31 |
| Parking | On Site, Fenced, Surfaced |
| Garages | On Site, Fenced, Surfaced |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Linoleum, Vinyl |
|---|---|
| Heating | Gas, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Attic/Crawl Hatchway(s) Insulated, Brick, Frame |
|---|---|
| Lot Description | Rectangular, Rectangular Lot |
| Roof | Asphalt, Membrane, Rubber |
| Construction | Attic/Crawl Hatchway(s) Insulated, Brick, Frame |
School Information
| District | Norwich |
|---|
Additional Information
| Zoning | 02 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Upstate NY Properties |
|---|---|
| Contact Info | 607-226-8880 |