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1605 State Road

Vermilion, OH 44089
  • $6,000,000
  • STATUS: Active
  • ON SITE: 154 Days
  • MLS #: 20223491
UPDATED: 37 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:
Area:

School Ratings & Info

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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© 2023 Firelands Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Holden Agency. Data last updated: 2023-02-01T15:33:33.66.
www.theholdenagencyre.com/homes/132595069
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1605 State Road Vermilion, OH 44089

  • Price: $6,000,000
  • Status: Active
  • On Site: 154 Days
  • Updated: 37 min ago
  • MLS #: 20223491
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
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

Exteriorconstruction AluminumStucco Parking Total 99.00 Property Description Shopping Center And Warehouses Roof AsphaltMetalShingle Waterfront YN No

Interior Features

Industrial Sq Ft 0 Office Sq Ft 0 Residential Sq Ft 0 Retail Sq Ft 29261 Sq Ft Price 0 Warehouse Sq Ft 30200

Property Features

12 Year Taxes 23259.28 Auction No Building Use Retail BuildingShopping CenterWarehouse Flood Plain Unknown For Lease No Property Subtype Commercial Property Subtype2 Storage Units Sewer Public Sewer Soil Erosion Unknown Stories 1 Tax Year 2021 Township Vermilion Water Public

Listing informatio n© 2023 Firelands Association of Realtors MLS. Listing provided courtesy of John Michael Hoty of Hoty Enterprises, Inc.: .


© 2023 Firelands Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Holden Agency. Data last updated: 2023-02-01T15:33:33.66.
 
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The Holden Agency
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Mansfield OH, 44902