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62 Cross Street, Brighton, VT, 05846 | $2,350,000
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.
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
- Cooling: Other,Wall AC Units
- Units: 3
- Zoning: Village
- Frontage: 176
- Year Built: 2004
- Approx Sq. Feet: 23,000
- Acreage: 0.41
- Est. Taxes: $15,282
- MLS#: 4987850
- Website: https://www.raveis.com
/prop/4987850/62crossstreet_brighton_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/15/2024Listing 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
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
62 Cross Street, Brighton, VT, 05846
$2,350,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,880,000 | $1,880,000 | $1,880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
| Monthly Tax Payment | $1,274 | $1,274 | $1,274 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,822 | $11,729 | $15,992 |
| Total Monthly Payment | $12,221 | $13,128 | $17,391 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484