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    157 E Main St Norwich, NY 13815

    Pending
    For Sale
    $497,500

    COMMERCIAL - Norwich, NY

    Property size:
    5,480 SF
    Lot size:
    0.56 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 157 E Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    02
    Rooms
    Basement
    APN
    081100-136-510-0001-021-000-0000
    Parking
    31
    Parking features
    Paved or Surfaced, Fenced
    Accessibility
    Accessible Approach with Ramp
    Size
    5,480 SF
    Lot size
    0.56 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1988
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Vinyl, Linoleum, Carpet
    Building materials
    AtticCrawlHatchwaysInsulated, Brick, Frame
    Roof type
    Asphalt, Membrane, Rubber

    Keller Williams Upstate New York Properties (607) 431-2540 [email protected]

    Listing agent Kevin D. Walsh (607) 336-3636 License #10301203604

    Listing date Nov 17, 2025

    Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Investment Opportunity

    This commercial investment opportunity is a well-maintained brick Medical Arts Building located in Norwich, NY. The property is currently leased to a healthcare provider with over 160 locations across nine US states. A Triple Net Lease is in place with 3 years remaining and a 5-year renewal option. The current rent is $5,000 per month, offering a Capitalization Rate of 12.06%. The property is situated in a high-visibility location and offers strong regional tenant brand recognition. The building is a well-kept brick structure, offering minimal owner responsibility. The property includes 30+ parking spaces and convenient ramped access to the reception area and medical rooms. The building is suitable for medical offices. The property is located near the center of the City of Norwich. The lot size is 0.56 acres and the property size is 5,480 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schweiger Dermatology Group ... Dermatologist Stanley Anderson General Practitioner Anne St Pierre Nurse Practitioner Dr. Eric A. Dohner, ... Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    O'Keefe Robert C DVM

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    Chenango
    State
    New York
    Longitude
    -75.509657
    Latitude
    42.532576

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    FAQs

    What type of property is this?
    Medical office - Turnkey medical office building with NNN lease in Norwich, NY.
    Where is this medical office located?
    The property is located at 157 E Main St Norwich, NY.
    What is the asking price?
    The asking price for this property is $497,500.
    What are key features of this property?
    This property features: - High 12.06% Capitalization Rate provides a strong return on investment.; - Turnkey commercial investment with a Triple Net (NNN) Lease, minimizing owner responsibilities.; - Established healthcare provider/dermatology practice tenant with strong regional brand recognition.
    (607) 336-3636
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    157 E Main St Norwich, NY 13815
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