25
See all 25 photos
$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 5187939
HOA Y/N No
Year Built 1981
Annual Tax Amount $6,607
Tax Year 2025
Contingent Inspections
Lot Size 0.759 Acres
Acres 0.759
Property Sub-Type Office
Stories One
Story One
Property Description
EXCELLENT INVESTMENT OPPORTUNITY - 12%+ CAP RATE
Prime Medical/Office Building | Norwalk's South Side
Positioned 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 Rate
The 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 structure
Tenant responsibilities: Taxes, Insurance, Utilities
Landlord responsibilities: Maintenance/Repair of Building, HVAC, Common Areas
Stable, long-term tenancy with renewal option
Strategic Regional Location
Conveniently 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.
Prime Medical/Office Building | Norwalk's South Side
Positioned 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 Rate
The 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 structure
Tenant responsibilities: Taxes, Insurance, Utilities
Landlord responsibilities: Maintenance/Repair of Building, HVAC, Common Areas
Stable, long-term tenancy with renewal option
Strategic Regional Location
Conveniently 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 Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Direct Access
Water Access Desc Public
Roof Type Rubber
Total Parking Spaces 36
Building
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Norwalk Csd - 3904
Others
Tax ID 33-004B-01-024-2300
Special Listing Condition Standard
Listed by Frank Van Dresser • RE/MAX Quality Realty • 419-663-3536, ellencoffman@remax.net
NEARBY SCHOOL & BUSINESS
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