For Sale

MyEyeDr. Medical Office | 8% Cap

122 Fowler St | Cortland, OH 44410-1328, US

price$495,000
property typeCommercial Sale
year built1987

highlights

• Income-producing medical office with in-place cash flow
• Leased to MyEyeDr. Optometry, a national vision care platform
• Approximately 2 years remaining on current lease term with defined rollover
• Two (2) three-year renewal options providing future income upside
• Modified gross lease with strong expense pass-throughs, including reimbursement of real
estate taxes and operating costs
• Operational flexibility
• Positioned for renewal, re-tenanting, or owner-user conversion
• Located within an established retail and service corridor with consistent local and regional
demand

property
details

STATUSActive
SALE PRICE PER UNIT$495,000
YEAR BUILT1987
PROPERTY TYPECommercial Sale
BUILDING SIZE1,364 SF
LOT SIZE0.2678 acres
CAP RATE7.57%
SALE PRICE$495,000
STORIES1
OCCUPANCY %100%
ZONINGS-1
DAYS ON MARKET1

property
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
description

122 Fowler St | Cortland, OH 44410-1328, US

Located in an established service-oriented corridor in Cortland, Ohio within the Youngstown-Warren MSA, offering strong regional roadway access and stability from national retail anchors.

Michelle Angeny, ACoM

Michelle Angeny, ACoM

OH #SAL.2017001547
(216) 926-8481

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