Hinckley’s Lumber, Vineyard Haven, Ma., has been sold to real estate investor Larkin Reeves for $2.3 million.
The deal includes 1.6 acres with four buildings—a two-story, 11,401-sq. ft. office, retail and warehouse building; 4,000-sq. ft. lumber warehouse; 3,500-sq. ft. hardware store; and 2,700-sq. ft. plumbing supply building.
Buyer Reeves, who owns about a dozen commercial and residential properties around the island, hopes to keep at least the hardware portion of the business active.
The Hinckley family had operated the business on the site for more than 100 years. Early this year, it had scheduled a foreclosure auction, but had it postponed.