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157 E Main Street, Norwich, NY 13815

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Listing Type
Commercial/Industrial
Listing Status
Pending
42
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$497,500

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Home Details for 157 E Main Street
Price
$497,500
Type
Commercial/Industrial
Year Build
1988
Sq. Ft.
5480
Lot Size
0.56
County
Chenango
Basement
Full
Tax
$14,431
MLS®️ Listing#
R1608091
On exitrealty.com
148 days
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
Property Features
Listing Courtesy: Keller Williams Upstate NY Properties - 607-226-8880. Presented by: Kevin D. Walsh
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Fair Housing Notice
Last Updated: 2025-12-30 09:31:33
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EXIT REALTY HOMEWARD BOUND
395 Main Street, Oneonta, NY 13820
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$497,500

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EXIT REALTY HOMEWARD BOUND
395 Main Street, Oneonta, NY 13820
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