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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.

Address Map
US
Erie
Vermilion
44089
State
1605
Road
E0° 0' 0''
N0° 0' 0''
Located 1/2-mile north of SR 2 on SR 60 (State Road). Property is located on west side of SR 60.
MLS Addon
Hoty Enterprises, Inc.
John Michael Hoty
: Commercial
JHOTY
F10001
1200083002
Vermilion
30/08/2022

Commercial For Sale

1605 State Road, Vermilion, 44089

59,461 Sqft
$6,000,000
Listing ID #20223491
Basic Details
Property Type : Commercial
Listing Type : For Sale
Listing ID : 20223491
Price : $6,000,000
Square Footage : 59,461 Sqft
Year Built : 1994
Lot Area : 10.86 Acre
Status : Active
Agent info
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