62 Cross St Brighton, VT 05846
- Commercial real estate
- 0.17 lot acres
Current Use by Public Records
- Gervais Ace Hardware / Home Improvement Store / Paint Store
- NEKCA — Island Pond Head Start/Early Head Start / Social Services Organization
- Northeast Kingdom Community Action - Food Distribution Center / Food Bank
Property Details for 62 Cross St
- Lot size
- 0.17 lot acres
- Property type
- Commercial real estate
- APN
- (028) CROSST.07R
- APU
- 028CROSST07R
Description
This exceptional investment opportunity encompasses a thriving Gervais ACE Hardware franchise, a substantial retail and lumber operation, and four income-generating residential rental units. The property, located at 62 Cross Street in Brighton, VT, boasts a total of 23,000 square feet on a 0.41-acre lot. The main retail storefront exceeds 10,000 square feet, showcasing a wide array of products including hardware, plumbing supplies, electrical components, tools, sporting goods, and automotive/marine supplies. A 10,000 square foot, two-story lumber warehouse provides ample storage and operational space, complemented by cantilever racking. The property also features four on-site residential rental units, providing additional income streams. The building itself is constructed with a metal frame and includes a second-floor office space, a convenient loading area with an overhead door, a 27,000 BTU AC system, and a 16kW emergency backup generator. Significant recent improvements include a new TPO roofing system installed in 2020, carrying a 20-year warranty, and interior renovations to the apartment units. The business offers various services such as local delivery, key cutting, and paint matching, fostering strong customer loyalty within the community. With abundant parking and a picturesque lake view, this established business has served the Brighton and Essex County areas for over 25 years, enjoying a virtual monopoly within a 20+ mile radius. The sale includes real estate, business, goodwill, and an inventory valued at approximately $803,000. Detailed financial information and additional property features are available upon request to qualified buyers with a signed NDA. Priced at $2,295,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Island Pond
- County
- Essex
- State
- Vermont
- Longitude
- -71.8816
- Latitude
- 44.8141
- CBSA code
- 13620
- CBSA name
- BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA
