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$565,000
Est. payment /mo
0.76 Acres Lot
Active Under Contract
34 Executive DR Norwalk, OH 44857
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Executive Estates Ph 1
MLS Listing ID 20260481
HOA Y/N No
Year Built 1981
Annual Tax Amount $6,291
Tax Year 2025
Lot Size 0.759 Acres
Property Sub-Type Office
Property Description
EXCELLENT INVESTMENT OPPORTUNITY - 12%+ CAP RATEPrime Medical/Office Building | Norwalk's South SidePositioned in the highly desirable Executive Estates Subdivision on Norwalk's south side, this multi-unit medical/office building presents a rare opportunity for investors seeking strong cash flow and long-term stability.✔ Fully Leased to Top-Tier Single Tenant✔ Lease Commencing June 1, 2026✔ 5-Year Variable Index Lease Term✔ Additional 5-Year Renewal Option (Through May 2036)✔ 12%+ CAP RateThe property offers a functional and professional layout ideal for medical or professional office use. It has been well maintained and provides dependable income backed by a quality tenant.Lease Highlights:Variable index lease structureTenant responsibilities: Taxes, Insurance, UtilitiesLandlord responsibilities: Maintenance/Repair of Building, HVAC, Common Areas Stable, long-term tenancy with renewal optionStrategic Regional LocationConveniently situated within approximately one hour of Cleveland and Toledo, and under two hours from Columbus, this property benefits from excellent regional accessibility while serving the growing Norwalk market.This is a turnkey investment opportunity offering strong returns, reliable tenancy, and long-term upsidean outstanding addition to any commercial real estate portfolio.
Location
State OH
County Huron
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Exterior
Utilities Available Electricity Connected
Roof Type Rubber
Building
Story 1
Sewer Public Sewer
Water Public
Listed by Frank Van Dresser • RE/MAX Quality Realty - Norwalk
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