NEW! Buy and sell safely with virtual options - Learn More
About the Listing 2073 - 019120
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.
Listing Highlights
Status
Active
Days on Site
26
Property Type
Commercial Sale
MLS ®
1668449
Year Built
1900
Total Square Footage
4,178
Lot/Acreage
0.66
County
Oxford
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Oil,Baseboard,Hot Water,Zoned
- Fireplaces:
- Floor: Carpet,Vinyl,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partial,Unfinished
- Other: Storage
- Water: Public
Exterior Details
- Lot Description: Business District,Downtown,Near Shopping
- Garage Capacity: N/A
- Zoning: NA
- Roof: Metal,Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces
Financial Details
- Tax Amount: $6,629
- Taxes w/Assessments: N/A
- Tax/Property ID: NORY-000029-000000-000032
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
176 Main St Norway, ME 04268
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
