157 E Main Street Norwich, NY $ 497,500
157 E Main Street
$ 497,500
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157 E Main Street

Norwich, NY, 13815
$ 497,500
Bedrooms-- Baths-- Sq 5,480

Monthly Estimate*

$ 3,063

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Commercial Property for sale in Norwich, NY

for $497,500. This 5,480 square foot building was built in 1988 on a lot size of 0.56.

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

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Commercial Active

Price

$ 497,500

Property Type

Commercial

Taxes

$ 14,431

Style

Commercial

Lot Size

0.56

Year Built

1988

Town/City

Norwich

County/Region

Chenango

MLS | Web ID

R1608091

Features
General
Sewer PublicSewer
Heating Gas ForcedAir
Cooling CentralAir
Utilities ElectricityConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt Membrane Rubber
Zoning 02
Construction Materials AtticCrawlHatchwaysInsulated Brick Frame
School District Norwich
Year Built 1988
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Commercial
Gross Income 60000.0
Accessibility AccessibleFullBath AccessibleApproachWithRamp AccessibleDoors AccessibleHallways
County Chenango
Net Operating Income 45569.0
Operating Expense 0.0
Property Type CommercialSale
Subdivision Name Olendorf Tr
Possible Use MedicalDental Office
Building Features Office PublicRestrooms
Status Active
Directions From the center of Norwich follow East Main St to property on the left (#157)
City Norwich
High School District Norwich
Zoning Description Commercial
Number Of Units Total 1
MLS Area Norwich-City-081100
Lot Size Units Acres
Lot Size Square Feet 24394.0
Year Built Details Existing
Tax Annual Amount 14431.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Norwich
Elementary School District Norwich
Tax Assessed Value 180000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 21
Property Sub Type Additional Commercial
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Interior
Basement Full
Flooring Carpet Linoleum Vinyl
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Fenced OnSite Surfaced
Lot Features Rectangular RectangularLot
Water Source Public
Total Parking 31.0
Inclusions Land and Building
Lot Size Area 0.56
Number of Buildings 1
Building Area Total 5480.0
Lot Dimensions 80X125
Lot Size Acres 0.56
Waterfront Y/N No
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Internal Only
Street Number 1 157
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* Excluded Features
List By
Keller Williams Upstate Ny Properties

Broker

(607) 226-8880

Phone

Affordability Calculator

$4,266
Per Month
72%
28%
0%
Monthly Principal & Interest
$3,063
Monthly Property Taxes
$1,203
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3929781 Elementary School
3929780 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/2/2025$497,500 Listed Price

Map


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157 E Main Street, Norwich, NY, 13815 is a Commercial Property for sale at $497,500 with 5,480 sqft and a lot size of 0.56. 157 E Main Street was built in 1988. The property's zip code is 13815 which is in Norwich, NY