Norwich, NY 13815,157 E Main ST
Norwich, NY 13815,157 E Main ST,Video Tour
Norwich, NY 13815,157 E Main ST
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$497,500
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5,480 SqFt
Active

157 E Main ST Norwich, NY 13815

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,480 sqft

Price per Sqft $90

Subdivision Olendorf Tr

MLS Listing ID R1608091

Construction Status Existing

HOA Y/N No

Year Built 1988

Annual Tax Amount $14,431

Lot Size 0.560 Acres

Acres 0.56

Lot Dimensions 80X125

Property Sub-Type Commercial

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

Location

State NY

County Chenango

Community Olendorf Tr

Area Norwich-City-081100

Zoning 02

Direction From the center of Norwich, follow East Main St to property on the left (#157)

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Cooling Central Air

Flooring Carpet, Linoleum, Vinyl

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Asphalt,Membrane,Rubber

Handicap Access Accessible Full Bath, Accessible Approach with Ramp, Accessible Doors, Accessible Hallway(s)

Total Parking Spaces 31

Building

Lot Description Rectangular, Rectangular Lot

Building Description Attic/Crawl Hatchway(s) Insulated,Brick,Frame, Office,Public Restrooms

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Attic/Crawl Hatchway(s) Insulated,Brick,Frame

Construction Status Existing

Schools

School District Norwich

Others

Tax ID 081100-136-510-0001-021-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=DvC5a3APtfE&brand=0

Listed by Keller Williams Upstate NY Properties 607-226-8880

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 4
  • 4

    Perry Browne Intermediate School

    Public | 3 - 5

  • 0

    Stanford J Gibson Primary School

    Public | PK - 2

  • 0

    Valley Heights Christian Academy

    Private | PK - 12

  • 0

    Holy Family School

    Private | PK - 8

Middle Schools 1
  • 6

    Norwich Middle School

    Public | 6 - 8

High Schools 1
  • 5

    Norwich High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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