34 Executive Drive, Norwalk, OH 44857

$565,000

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Sold Price
$565,000
List Price
$565,000
Status
CLOSED
Days on Market
98
Closing Date
May 28, 2026
MLS#
5187939
Subtype
Commercial Sale
Year Built
1981
Acres
0.76
Subdivision
Executive Estates Ph 1
Neighborhood
Executive Estates Ph 1
MLS Area Major
Norwalk

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.

Additional Information

Taxes
$6,607
Heating
Forced Air, Gas
Air Conditioning
Central Air
Stories
1
Levels
One
Roof
Rubber
Parking Features
Direct Access
School District
Norwalk CSD - 3904

Listing Courtesy of: Frank Van Dresser, FVDteam@gmail.com With RE/MAX Quality Realty

Selling Office: RE/MAX Quality Realty.

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