Listing Agency: Jim Campbell Real Estate

Listed By: Ryan Pronto · License #0810063392 Show Phone

Source: Moodyscre

Added: Dec 12, 2024 Changed: Sep 12 Last Checked: Sep 12 at 10:23AM

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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 limited competition within a considerable radius. The property features a storefront with over 10,000 square feet of retail space, a 10,000 square foot, two-story lumber warehouse, and four income-producing residential rental units on-site. Gervais ACE Hardware sells a diverse range of products, including hardware, plumbing, electrical, tools, sporting goods, and automotive/marine supplies. The business also provides services such as local delivery of lumber and building materials, key-cutting, and paint matching. Property features include metal frame retail store construction, cantilever racking in outbuildings and the 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. The property, a community staple for over 25 years, overlooks the lake and has abundant parking.

Key Highlights

• Profitable ACE Hardware franchise opportunity including real estate, business, and inventory.
• Established business with customer loyalty and minimal competition (20+ mile radius).
• Large retail space (10,000+ sq ft) plus a 10,000 sq ft lumber warehouse.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Auto Parts Store Bakery Furniture & Home Goods Grocery & Convenience Store Dental Office (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Hardware store with real estate, business, and rental income.

Where is this storefront property located?

The property is located at 62 Rte 105 Island Pond, VT.

What is the asking price?

The asking price for this property is $2,295,000.

What are key features of this property?

This property features: Profitable ACE Hardware franchise opportunity including real estate, business, and inventory.; Established business with customer loyalty and minimal competition (20+ mile radius).; Large retail space (10,000+ sq ft) plus a 10,000 sq ft lumber warehouse.