1605 State Road, Vermilion, OH 44089

$6,000,000.00
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Active
SQUARE FEET59,461 MLS#4404887
STATUSActive PROPERTY TYPECommercial - Retail SUBDIVISIONVermillion Sec 1

Property Description

Vineyard Square Plaza shopping center and warehouses for sale on SR 60 in Vermilion. Cap rate 6.75% at 5% vacancy. Actual occupancy is 100%. Retail: 29,261 SF. Flex Space: 30,200 SF. 98% occupancy. Tenants include Mercy Health (48% of retail income, 32% of overall Income). Site approval for 6,000 SF of additional flex space. Owner, developer and a current tenant (Prete Builders) are related parties. Tenant is willing to sign a 3-year master lease, assignable. Sale includes two Erie County Parcels: 1200083002 and 1200083005.

Property Features

Property Type: Commercial - Retail
Days on Market: 97
Lot Size: 10.86 Acres
Roof Type: Asphalt, Fiberglass, Metal
Stories: 1.0
Taxes: / year
Year Built: 1994

Feature Descriptions

Lot Dimensions:
Parcel#: 12-00083-002
Parking: On Site, Private
Sewer: Public Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: Hoty Enterprises, Inc.
Agency Phone: (419) 609-7000

Shown By

Agency Title: Mosholder Realty
Agency Phone:

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