Paula Leonardi Ducato
MLS#9070512
STATUSActive
PROPERTY TYPECommercial - Office
Property Description
Excellent investment opportunity featuring a fully leased multi-unit medical/office building in Norwalk's desirable Executive Estates Subdivision. Secured by a top-tier single tenant with a 5-year variable index lease commencing June 1, 2026, plus a 5-year renewal option through May 2036. Offering a strong 12%+ CAP rate, this property delivers reliable cash flow and long-term stability. Tenant covers taxes, insurance, and utilities; landlord responsible for building, HVAC, and common area maintenance. Well-maintained with a professional layout ideal for medical or office use. Strategically located within one hour of Cleveland and Toledo, and under two hours to Columbus, providing excellent regional access and growth potential.
Property Features
Property Type: Commercial - Office
Cooling: Central Air
Heating: Natural Gas
Lot Size: 0.76 Acres
Roof Type: Other
Taxes: $6,291
Year Built: 1981
Feature Descriptions
Current Use: Office
Days on Site: 13
Exterior: Brick
Lot: City Lot
Parcel #: 33004B010242300
Parking: 36
Parking Total: 36
SQFT Building Total: 6107
Water: Public
Listed By / Shown By
Listed By
Agency Name: RE/MAX Quality Realty
Agency Phone: 419-627-1996
Agent Name: Frank Van Dresser
Shown By
Agent Name: Paula Leonardi Ducato
Agent Phone: Cell: (330) 907-8381
Agency Title: Key Realty
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34 Executive Drive | MLS# 9070512
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 www.theducatoteam.com today.