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Hardware Store with Rental Income

62 Cross Street Brighton, VT 05846

62 Cross Street, Brighton, VT, 05846
$1,395,000
For Sale
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$1,395,000

Profitable hardware store with real estate and rental units.

Property Size24,908 SF
Price / SF$56.01
AddedMar 2, 2024
Days on Market865
Last RefreshMay 13 at 8:33 pm

Property Features for 62 Cross Street

General Information

Standard status
Active
Size
24,908 SF
Property subtype
Other

Building Details

Year Built
2004

Listing office

Listing date Mar 2, 2024

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Jim Campbell Real Estate


Investment Insights

Based on property information with market context.

This offering includes a thriving retail hardware and lumber store, Gervais ACE Hardware, along with the real estate, business and goodwill, inventory (valued at approximately $803,000), and equipment. This is an opportunity to own and operate a profitable ACE franchise with customer loyalty, a team of experienced and motivated employees, and no competition within a 20-mile radius. The property consists of a storefront with over 10,000 square feet of retail space, a 10,000-square-foot, two-story lumber warehouse, a three-bedroom, three-bathroom home/rental, and four income-producing residential rental units on-site. Gervais ACE Hardware sells products ranging from hardware, plumbing, electrical, tools, sporting goods, and automotive/marine supplies, and offers services such as local delivery of lumber/building materials, key-cutting, and paint matching. Features include metal frame construction, cantilever racking in outbuildings/warehouse, second-floor office space, a loading area with an overhead door, a 27,000 BTU AC system, and a 16kW emergency backup generator. Recent updates include a new TPO roofing system installed in 2020 (with a 20-year warranty) and interior renovations to the attached apartment units/single-family home. The property, with a size of 24,908 square feet, overlooks the lake, has abundant parking, and has been a staple to the community and neighboring towns of Essex County for over 25 years.

Key Highlights

  • Profitable ACE Hardware franchise with established customer loyalty and no competition within a 20+ mile radius.
  • Includes real estate, business & goodwill, inventory (approx. $803K value), equipment, and motivated employees.
  • Diverse income streams: retail store, lumber warehouse, 3‑bed/3‑bath home/rental, and four residential rental units.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Gervais Ace Hardware Building Supply NEKCA — Island Pond ... Social Service Agency Northeast Kingdom Community ... Food Bank

Suggested Use

Auto Parts Store Dental Office Furniture & Home Goods Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Grocery and convenience store - Profitable hardware store with real estate and rental units.
Where is this grocery and convenience store located?
The property is located at 62 Cross Street Brighton, VT.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Profitable ACE Hardware franchise with established customer loyalty and no competition within a 20+ mile radius.; Includes real estate, business & goodwill, inventory (approx. $803K value), equipment, and motivated employees.; Diverse income streams: retail store, lumber warehouse, 3‑bed/3‑bath home/rental, and four residential rental units.
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