Concord Multi-Family Mixed Use Business & Vacant Land

Business Opportunity for Sale
Catylist Listing ID: 30801368
Property Subtypes: Home and Garden
Building Size (RSF): 3,914 SF
Sale Price: $599,000
Name of Establishment: Ace Hardware
Business Website Address: https://www.acehardware.com/store-details/17430?utm_source=googl
Franchised Business: Yes
Franchise Parent Name: Ace Hardware
Year Business Established: 1992
Gross Revenue: $355,000 (Annual)
Cash Flow: $75,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 9/19/2022

Overview / Comments

Mixed Use Building consisting of Nationally Recognized Ace Hardware, (2) Bedroom & Studio Apt. along with Vacant Lot available immediately. Located in growing Penacook Village in Concord NH this is a great multi revenue investment opportunity.
323-325 Village Rd. Concord
1st Floor 2,554 Sq. Ft. Hardware Store business includes $155,000 Inventory in offering price.
2nd Floor (2) Tenanted Apts. 1 (2) Bedroom Apt. Current Lease $1,350 Mo. 1 Studio Apt. $850 Mo.
2020 Chevy Colorado Truck with only 11,000 Miles Included with Plow!
Separately Deeded Vacant Lot 331 Village Rd. Approx. .10 Acres Next Door also included in the Sale

Option to Continue the Ace Hardware Business or to bring your own Concept.

Additional Details

Nearest MSA: Concord
County: Merrimack
Industry Segment: Hardware and DIY Retailing
Reason for Selling: Owners Focusing on other Businesses
Value of Inventory Included ($): $155,000
Value of Furniture, Fixtures, and Equipment ($): $40,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $450,000
Real Estate Lease Description: Commercial (2) Story Mixed Use Building on.10 Acres Taxes 2021 $6,788 Vacant Lot .10 Retail Land Use Taxes 2021 $1,597
Employee/Labor Description: Owner Operated with 5 Part Time Employees
Mgmt/Training Support Description: Owners will assist in transition for (2) week period.
Competition/Market Description: Location saves Local customers time & convenience by shopping neighborhood hardware store vs. Big Box Downtown Locations
Growth/Expansion Opportunities: Expand Possible Garden/Greenhouse Area on Vacant Land

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 922 11,843 31,214
Median Age: 39.55 37.56 39.31
Households: 386 4,910 12,166

Contact

Photograph of Listing Agent

Jay DelMonte

RE/MAX Innovative Properties
NECPE Member
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