176 Main Street, Norway, ME 04268
sale
$375,000
|
Office
Courtesy Of Keller Williams Coastal Reatly
Medical Office Investment Opportunity - Lease Through 2029 - Additional Income Potential This investment offering features a well-located commercial property in the heart of Norway, Maine, anchored by Saco Bay Orthopedic & Sports Physical Therapy, a nationally recognized healthcare provider. The tenant occupies the majority of the approximately 4,178 square foot building under a Gross lease recently renewed through December 2029, providing stable occupancy and dependable income. Additional space within the building is available for lease, creating the potential for increased revenue through a second tenant. Shared common areas support efficient building operations while offering flexibility for future occupancy needs. Strategically positioned on Main Street directly across from MaineHealth Stephens Hospital, the property benefits from exceptional visibility and a location within one of the region's established healthcare corridors. The surrounding area features a mix of professional offices, retail businesses, restaurants, and community services that support consistent traffic and long-term demand. Norway and neighboring communities, including Oxford, have experienced continued residential and commercial growth, further strengthening the area's economic outlook. Saco Bay Orthopedic & Sports Physical Therapy is part of one of the nation's largest outpatient rehabilitation networks, adding the strength and stability of a well-established healthcare tenant to the investment profile. With a long-term lease in place, additional leasable space, and a highly visible location, this property presents a compelling investment opportunity with both stable income and future upside potential. For investors seeking additional scale, the seller is also offering a second property leased to Saco Bay Orthopedic & Sports Physical Therapy, creating the opportunity to acquire multiple assets backed by the same established tenant.
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Exterior Type: Wood Frame
- Exterior Type: Shingle Siding
- Floor Covering: Vinyl
- Floor Covering: Wood
- Floor Covering: Carpet
- Heating System: Zoned
- Heating System: Baseboard
- Heating System: Oil
- Heating System: Hot Water(Heating)
- MLSID: 1668449
- Roof Type: Metal
- Roof Type: Shingle
- Rooms: Basement
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