1. New York
  2. Norwich-city
  3. 157 East Main Street
$497,500

157 East Main Street, Norwich-city, NY 13815

  • 5,480 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1988
  • Property Lot Size Icon0.56acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $91/sqft
  • Property List Date Icon Listed 1 month ago

Property 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

Listing Status:
Active
Date Added:
June 1, 2025 at 05:00AM
Listing Office:
Keller Williams Upstate NY Properties : 607-336-3636
Listing Agent:
Kevin D. Walsh : 607-226-8880
MLS ID:
R1608091
  • Basement: Full
  • Flooring: CarpetLinoleumVinyl
  • A/C: Central Air
  • Heating: GasForced Air
  • Fireplace: Fireplaces: 0
  • Disability Feature: Accessible Full BathAccessible Approach with RampAccessible DoorsAccessible Hallway(s)

This listing courtesy of Kevin D. Walsh, Keller Williams Upstate NY Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Norwich Middle School

89 Midland Dr, Norwich, NY, 13815

Grades 5-8

0.47 miles away

N

Norwich Middle School

89 Midland Dr, Norwich, NY, 13815

Grades 5-8

0.47 miles away

N

Norwich High School

49 Midland Dr, Norwich, NY, 13815

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.