Portfolio Sale – Business and Two Properties

Vermilion, OH
Erie County


Asking Price: Annual Revenue:
$368,000 Not Disclosed

Commercial Real Estate: Retail & Shopping Centers


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RE: Portfolio Sale – Business and Two Properties Broker: Vinnie Fusco

Quick Facts

Asking Price: $368,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $285,000
Year Established: 1984
Employees: Not Disclosed
BBN Listing #: 851856022
Broker Reference #: Not Disclosed

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Business Overview:

Portfolio Sale – Two Properties and Business for Sale - This unique property is located at 728 Main Street and 722 Main Street (adjacent parcels). The historic church building is now an Auction House and Market Place, located in the heart of Historic Vermilion. The business consists of a monthly auction, monthly booth rentals, and a two-family duplex which is fully leased. The Auction/Market Place is 15,000 Square Feet (20 rooms) and the two-family duplex is 2,900 Square Feet, consisting of two 6-room, 1,450 Square Feet units. The Auction/Market Place contains a two-bedroom apartment which is 1,000 Square Feet. Duplex and Auction House Apartment have newer windows, furnace, and roofing. The Auction/Market Place property is listed on the National Register of Historic Places - Reference Number 79003954 / 11/14/1979. Zoning is B-2 and R-4-A. There is also great redevelopment potential here.

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Reason for Selling:

Owner Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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