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Ace Hardware 62 Cross St

23,000 SF 100% Leased Retail Building Brighton, VT 05846 $2,350,000 ($102/SF)

Investment Highlights

  • Thriving retail hardware & lumber store
  • This property overlooks the lake and has abundant parking
  • This is an opportunity to own/operate a profitable ACE franchise
  • Additional property features and business financials available upon request to well-qualified buyers with a signed NDA.

Executive Summary

Thriving retail hardware & lumber store, Gervais ACE Hardware is offered for sale and inclusive of real estate, business & goodwill, inventory (valued at approx. $875K), equipment, etc. This is an opportunity to own/operate a profitable ACE franchise with customer loyalty, a team of experienced and motivated employees, and virtually no competition within 20+ miles. Consisting of a storefront of over 10,000 square feet of retail space, in addition to a 10,000 square foot, two-story lumber warehouse and four, income-producing, residential rental units on-site. Gervais ACE Hardware sells products ranging from hardware, plumbing, electrical, tools, sporting goods, automotive/marine supplies, and more. This business also offers a variety of services to customers such as local delivery of lumber/building materials, key-cutting, and paint matching. Features include metal frame retail store construction, cantilever racking in outbuildings/warehouse, second-floor office space, loading area with overhead door, 27,000 BTU AC system, and 16kW emergency backup generator. Recent updates include a new TPO roofing system installed in 2020 (20 yr warranty) and interior renovations to the attached apartment units. This property overlooks the lake, has abundant parking, and has been a staple to the community and neighboring towns of Essex county for over 25 years. Additional property features and business financials available upon request to well-qualified buyers with a signed NDA.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,000 SF
Building Class
B
Year Built
2004
Price
$2,350,000
Price Per SF
$102
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.70
Land Acres
0.75 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 090-028-11242
  • 090-028-10133
Land Assessment
$73,200
Improvements Assessment
$64,300
Total Assessment
$137,500
  • Listing ID: 31509458

  • Date on Market: 4/15/2024

  • Last Updated:

  • Address: 62 Cross St, Brighton, VT 05846

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