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1605 State Road

Vermilion, OH 44089
  • $6,000,000
  • STATUS: Active
  • ON SITE: 159 Days
  • MLS #: 4404887
UPDATED: 225 min ago
$6,000,000
  • 0
    BEDS
  • 10.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 59,461
    SQFT
  • $101
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1994
County:

School Ratings & Info

Listing courtesy of Hoty Enterprises, Inc..
Listing information © 2023 YES-MLS.

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.

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Listing information © 2023 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Connections Realty | Keller Williams are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-02-07T00:08:14.02.
www.connectionsrealty.org/homes/132612542
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1605 State Road Vermilion, OH 44089

  • Price: $6,000,000
  • Status: Active
  • On Site: 159 Days
  • Updated: 225 min ago
  • MLS #: 4404887
0
Beds
0
Baths
0
½ Baths
10.86
Acres
59,461
SQFT
$101
$/SQFT
1994
Built
Neighborhood:
Vermillion Sec 1
County:
Erie
Area:
Vermilion Township
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.
Exterior Features

Levels One Parking Features On SitePrivate Parking Total 228 Roof AsphaltFiberglassMetal

Interior Features

Basement YN No Building Area Total 59461

Property Features

Above Grade Finished Area 59461 Lease Considered YN No Property Sub Type Retail Sewer Public Sewer Township Vermilion Twp Water Source Public Year Built Details Actual Ybt

Listing information © 2023 YES-MLS.
Listing provided courtesy of Hoty Enterprises, Inc.: (419) 609-7000.
Listing information © 2023 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Connections Realty | Keller Williams are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-02-07T00:08:14.02.
 
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Connections Realty | Keller Williams
Norton OH, 44203
Listing courtesy of Hoty Enterprises, Inc..
Listing information © 2023 YES-MLS.