JessicaBramer-Isakov
SQUARE FEET6,107
MLS#20260481
STATUS
PROPERTY TYPECommercial - Industrial
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.
Property Features
Property Type: Commercial - Industrial
Lot Size: 0.76 Acres
Roof Type: Rubber
Year Built: 1981
Feature Descriptions
Business Use: Office Building
Days on Site: 92
Exterior: Brick
Lot Dimensions: 0.7590 Acre(s)
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: RE/MAX Quality Realty - Norwalk
Shown By
Agent Name: Jessica Bramer-Isakov
Agent Phone: (330) 612-6240
Agency Title: Key Realty
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34 Executive Drive | MLS# 20260481
This commercial property located at 34 Executive Drive, Norwalk, OH 44857 is currently listed for sale with an asking price of $565,000. Search Norwalk real estate on jessicabramer.ikeyrealty.com today.