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.
KEY DETAILS
- Price:
- $6,000,000
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- 59,461
- Acreage:
- 10.86
- Year Built:
- 1994
- MLS #:
- 4404887
- Street Address:
- 1605 State Rd
- City:
- Vermilion
- State:
- OH
- Postal Code:
- 44089
- County:
- Erie
- Subdivision:
- Vermillion Sec 1
- Listing Status:
- For Sale - Active
Building
- Approximate Total Liveable Area:
- 59461
- Finished Above Ground Square Footage:
- 59461
- Number Of Floors In Unit:
- One
- Stories:
- 1
- Stories:
- 1
- Total Building Square Footage:
- 59461
- Type Of Roof:
- Asphalt, Fiberglass, Metal
- Year Built:
- 1994
- Year Built Description:
- Actual Ybt
Land
- Approximate Lot Size Range Source:
- Assessor
- Lot Size:
- 10.8638
Listing
- Days On Market:
- 34
- On Market Date:
- 2022-08-27
- Originating Mls:
- Yes-Mls
- Previous Listing Price:
- 6750000
Structures
- Parking Description:
- On Site, Private
- Parking Spaces:
- 228
Systems
- Existing Water:
- Public
- Sewage Type:
- Public Sewer
Source
-
Listing Provided By: John M Hoty with Hoty Enterprises
The listing information herein is provided through the MLS IDX database. Information is deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of NEOHREX.
