MyEyeDr. Medical Office | 8% Cap

$495,000

122 Fowler St, Cortland, OH, 44410, Cortland, OH

Office for sale in Cortland, 122 Fowler St, Cortland, OH, 44410, 1364 m²

122 Fowler St, Cortland, OH, 44410, Cortland, OH

$495,000

1364
Type: Office

Description

This offering presents a stabilized, income-producing medical office asset with defined near- term lease rollover, creating a clear path for renewal, re-tenanting, or owner-user repositioning. Fully renovated with addition (2003), single-tenant medical office building leased to MyEyeDr. Optometry, a national retail vision care platform with 800+ locations across the U.S. The property offers immediate in-place income with a defined near-term opportunity for renewal, repositioning, or owner-user conversion. The tenant currently operates under a remote exam model, reflecting broader industry trends in tele-optometry and provider efficiency. This operational structure supports continued use of the location while creating a clearly defined future decision point for ownership. Situated in Cortland, Ohio within the Youngstown-Warren MSA, the property is positioned in an established service-oriented corridor with consistent local demand and accessibility to surrounding communities. The lease structure provides a balance of income stability and operational flexibility. Tenant responsibilities include real estate taxes, utilities, and operating cost reimbursements, while the landlord retains responsibility for structural components and major systems. The lease permits the tenant to discontinue operations without default, provided rent obligations continue, and allows assignment to affiliated entities. Beyond the in-place income, the property is zoned in a commercial ‘Service District’ supporting a wide range of medical, retail, and commercial uses, significantly enhancing long-term adaptability and exit optionality.

Location

122 Fowler St, Cortland, OH, 44410, Cortland, OH

Data

Object TypeOffice
Purchase Price$495,000
Living Space1364 m²
Plot Size1083.81 m²
BathroomsN/A
Construction Year1987
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1987
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent