157 E Main St Norwich, NY 13815
Property Features for 157 E Main St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.56 Acres
Building Details
- Year built
- 1988
Source:
Elliman
Listing Agency: Oneonta Listing Agent: Kevin D. Walsh
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Medical Office Building Investment
This well-maintained brick Medical Arts Building in Norwich, NY, presents an exceptional investment opportunity. It is currently home to a respected healthcare provider and dermatology practice with over 160 locations across nine US states. The property is under a Triple Net Lease with 3 years remaining and a 5-year renewal option. The current rent is $5,000 per month, with a Capitalization Rate of 12.06%. The property benefits from high visibility and strong regional tenant brand recognition. The well-kept brick structure offers minimal owner responsibility. The property includes over 30 parking spaces and convenient ramped access to the reception area and medical rooms. This stabilized, income-producing asset features a trusted medical tenant in an easily accessible location near the center of the City of Norwich, making it ideal for investors seeking consistent cash flow with minimal overhead.
Location Intelligence
Current Use by Public Records
Schweiger Dermatology Group ...
Physician
Stanley Anderson
Physician
Anne St Pierre
Physician
Dr. Eric A. Dohner, ...
Physician
Similar Places Nearby
O'Keefe Robert C DVM
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- Chenango
- State
- New York
- Longitude
- -75.5096333
- Latitude
- 42.53259
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Medical office building with NNN lease in Norwich, NY.
Where is this medical office space 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: - Triple Net Lease with established healthcare provider, offering minimal owner responsibility.; - High 12.06% Capitalization Rate providing consistent cash flow.; - Current lease in place with 3 years remaining and a 5-year renewal option.
