62 Cross Street, Brighton, VT, 05846 | $2,295,000

Thriving retail hardware & lumber store, Gervais ACE Hardware is offered for sale and inclusive of real estate, business & goodwill, inventory (valued at approx. $803K), 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.

Features

  • Property Type: Business,Multi-Family,Opportunity,Retail
  • Construction: Steel Frame,Wood Frame,Metal Siding,Vinyl Siding
  • Parking: On-Site,On Street,Parking Spaces 11 - 20,Paved,Unassigned
  • Heating: Baseboard,Hot Water,Radiant,Oil
  • Cooling: Other,Wall AC Units
  • Units: 3
  • Zoning: Village
  • Frontage: 176
  • Year Built: 2004
  • Approx Sq. Feet: 23,000
  • Acreage: 0.41
  • Est. Taxes: $18,886
  • MLS#: 4987850
  • Website: https://www.raveis.com
    /prop/4987850/62crossstreet_brighton_vt?source=qrflyer
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Listing courtesy of Jim Campbell Real Estate   Phone: 802-334-3400
Listing Agent: Ryan Pronto

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

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62 Cross Street, Brighton, VT, 05846

$2,295,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,836,000 $1,836,000 $1,836,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.844% 6.597% 6.158%
Monthly Tax Payment $1,574 $1,574 $1,574
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,714 $11,605 $15,493
Total Monthly Payment $12,413 $13,304 $17,192

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.