1605 State Road Active Save Request In-Person Tour Request Virtual Tour
Vermilion,OH 44089
Key Details
Property Type Other Types
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 59,461 sqft
Price per Sqft $100
Subdivision Vermillion Sec 1
MLS Listing ID 4404887
Abv Grd Liv Area 59,461
Originating Board YES-MLS
Year Built 1994
Lot Size 10.864 Acres
Acres 10.8638
Property Sub-Type Retail
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.
Location
State OH
County Erie
Area Vermilion Township
Exterior
Roof Type Asphalt,Fiberglass,Metal
Total Parking Spaces 228
Building
Story 1
Sewer Public Sewer
Water Public
Others
Tax ID 12-00083-002