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122 Fowler St
Cortland, OH 44410
Office Property For Sale


Investment Highlights
- Fully renovated single-tenant medical office leased to MyEyeDr. with established in-place income.
- Modified gross lease structure with strong pass-throughs and limited landlord responsibilities.
- Building includes dedicated exam and optical retail areas with ADA-compliant access and paved parking.
- Approximately two years remain on the current term with two renewal options for extended cash flow.
- Located within the Youngstown-Warren MSA in a well-developed commercial service corridor.
- Zoning supports broad commercial and medical uses, enhancing long-term exit strategies.
Executive Summary
This offering represents a stabilized, income-producing medical office asset currently leased to MyEyeDr. Optometry under a modified gross lease. The tenant, part of a major national vision care platform with over 800 locations, ensures immediate in-place income of $40,000 annually with two years remaining on the primary term and two three-year renewal options providing upside potential. The lease includes full reimbursement for real estate taxes and operating expenses, limiting landlord responsibilities to structural components.
The building, renovated in 2003, is designed for modern healthcare operations, featuring optimized clinical layouts and ADA access. It is situated in Cortland, Ohio within the Youngstown-Warren MSA, an area supported by a consistent local demand base and strong connectivity to major regional roadways. This location benefits from being in a well-established commercial corridor that serves a mix of residential and retail users, creating dependable traffic for tenant operations.
Zoned in a Service District, the property accommodates a variety of medical and commercial uses, offering long-term adaptability. Investors gain secure, predictable income from a credit-backed tenant while preserving flexibility for future repositioning or adaptive reuse.
The building, renovated in 2003, is designed for modern healthcare operations, featuring optimized clinical layouts and ADA access. It is situated in Cortland, Ohio within the Youngstown-Warren MSA, an area supported by a consistent local demand base and strong connectivity to major regional roadways. This location benefits from being in a well-established commercial corridor that serves a mix of residential and retail users, creating dependable traffic for tenant operations.
Zoned in a Service District, the property accommodates a variety of medical and commercial uses, offering long-term adaptability. Investors gain secure, predictable income from a credit-backed tenant while preserving flexibility for future repositioning or adaptive reuse.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
1,364 SF
Building Class
C
Year Built
1987
Price
$675,299 CAD
Price Per SF
$495.09 CAD
Cap Rate
8%
NOI
$54,024 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,364 SF
Building FAR
0.10
Lot Size
0.32 AC
Parking
12 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 34-003940 | Improvements Assessment | $50,954 CAD |
| Land Assessment | $13,274 CAD | Total Assessment | $64,228 CAD |
Property Taxes
Parcel Number
34-003940
Land Assessment
$13,274 CAD
Improvements Assessment
$50,954 CAD
Total Assessment
$64,228 CAD
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