Listed By
Agency Name: RE/MAX Quality Realty
Agency Contact: 419-663-3536, ellencoffman@remax.net
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
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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.
Property Features
Property Type: Commercial - Office
Cooling: Central Air
Days on Market: 7
Heating: Forced Air, Gas
Lot Size: 0.76 Acres
Roof Type: Rubber
Stories: 1.0
Taxes: $6,607 / year
Year Built: 1981
Feature Descriptions
Building Features: Private Restrooms
Parcel#: 33-004B-01-024-2300
Parking: Direct Access
Sewer: Public Sewer
Water: Public
Local Schools
School District: Norwalk City
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34 Executive Drive | MLS# 5187939
This commercial property located at 34 Executive Drive, Norwalk, OH 44857 is currently listed for sale with an asking price of $565,000. Executive Drive is located within the Norwalk City school district. Search Norwalk real estate on www.leahackerman.com today.