4208 Liberty Ave Vermilion, OH 44089
- Strip malls
- 28,720 SF
- 2.64 lot acres
Current Use by Public Records
- Discount Drug Mart / Drug Store / Convenience Store
- Western Union / Money Transfer Service
Property Details for 4208 Liberty Ave
- Year built
- 1986
- Lot size
- 2.64 lot acres
- Property size
- 28,720 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 01-00-001-108-078
- APU
- 100001108078
Description
This exceptional commercial property, located at 4208 Liberty Avenue in Vermilion, Ohio, offers a unique investment opportunity. The single-story building boasts a total of 28,720 square feet, encompassing both medical and traditional office spaces within a multi-tenant setting. Situated on a 2.64-acre lot, this property benefits from high visibility along State Route 6, experiencing significant traffic volume with 16,750 vehicles passing daily. Currently, a 1,000 square foot endcap space is available for lease within a thriving shopping center anchored by a Discount Drug Mart. The property's strategic location places it in close proximity to the Vermilion Historic District and a core retail area featuring national retailers, ensuring strong foot traffic and brand recognition. Its convenient location offers easy access to Downtown Cleveland, approximately 40 minutes away. Vermilion itself provides a vibrant community atmosphere, enriched by seasonal recreational activities including boating, museums, and entertainment, and is famously home to the Wooley Bear Festival. This property presents a compelling opportunity for businesses seeking a prominent presence in a bustling and attractive Ohio community. The property is located in Lorain County, within the Vermillion, Elyria, Norwalk submarket cluster. The property's zip code is 44089.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $605,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $800,000
- 6.5%
- $850,000
- 7%
- $760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $720,000
- Geo Method
- $680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $800,000
- Retail
- $855,000
- Mixed-Use
- $960,000
- Hospitality
- $830,000
- Educational
- $885,000
- Residential Income
- $935,000
- Energy
- $735,000
- Income-Based Land
- $720,000
- Food Service
- $805,000
Location Insight
- Map
- Local Demand
- City
- Vermilion
- County
- Lorain
- State
- Ohio
- Longitude
- -82.337
- Latitude
- 41.4256
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
