500 5Th Ave Owego, NY 13827

This exceptional 7,000 square foot single-tenant medical office building presents a compelling investment opportunity in Owego, New York. Located at 500 5th Ave, this property sits on a sizable 3.6-acre lot (comprised of two parcels) and boasts a 100% occupancy rate with a current net lease in place. The Lourdes Walk-in Clinic occupies the entire building under a NN+ lease with 1.5 years remaining, offering a strong, stable income stream. The asking price is $925,000, translating to a compelling $132.14 per square foot and a 10.59% capitalization rate, based on a current Net Operating Income (NOI) of $97,950. The building is a single-story structure, ideal for its current use and offering potential for future adaptability. Lease options include a one-year renewal, providing flexibility for the future owner. Conveniently located with easy access to I-86, this property is well-positioned for continued success. This is a rare opportunity to acquire a high-performing medical office building with significant upside potential, either as a passive income investment or for future owner-occupancy after the current lease expires. The property is classified as both Creative Office and Medical Office space.