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1605 State Road, Vermilion, OH 44089

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1605 State Road, Vermilion, OH 44089
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Comments for 1605 State Road, Vermilion, OH 44089

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.

$6,000,000.00

Estimated Monthly Payment: $26,933.94 (including taxes & insurance estimates)

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Property Details

City: VermilionProperty Type: Commercial - Retail
Subdivision: Vermillion Sec 1Lot Size: 10.86 Acres
Taxes: / yearStatus: Active
Square Feet: 59461Year Built: 1994
MLS#: 4404887 

Property Features

Property Type: Commercial - RetailRoof Type: Asphalt, Fiberglass, Metal
Days on Market: 95Sewer: Public Sewer
Lot Dimensions: Stories: 1.0
Lot Size: 10.86 AcresTaxes: / year
Parcel#: 12-00083-002Water: Public
Parking: On Site, PrivateYear Built: 1994

Listed By

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

Shown By

Agency Title: Landes & Landes
Agency Phone:

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