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USANYNorwichOlendorf Tr157 E Main St
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157 E Main St, Norwich, NY

Real Estate

For Sale

Listed price in listed location currency (USD).
$497,500

0031

MLS® R1608091

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 5480 sqft
Garage No
Maintenance Fees 
Taxes $14,431
Days Active 225
Approx. Age 1988
Avg. Price Per Sqft $90
MLS® Number R1608091

Property Address: 157 E Main St, Norwich, NY, 13815-1521

Average square foot calculated using Size range provided by listing agent.

Description

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
MLS® NumberR1608091
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1988
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Land and Building

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 2, 2025List Date
$497,500List Price
  • Commute

Commute

Starting Address
Destination Address
157 E Main St, Norwich, NY

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