

Listed by JIm Campbell Real Estate Newport
$2,295,000
62 Cross St
Details
Property Type Retail, Multifamily
Sub Type Apartment Building, Business Only
Square Footage 23,000
Units 3
Tenancy Single
Year Built 2004
Stories 2
Acreage 0.410
Zoning Village
Retail | 23,000 SqFt
Marketing description
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 in2020 (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.
Investment highlights
- Door Height12 feet & 15 feet
- Total Drive-in Doors2
Listing Contacts


Listed by JIm Campbell Real Estate Newport
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
V MixedMixed UseVillage
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 38 uses
View all 38 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Is there information that looks off?










































