Description
100% Leased Retail Building Gloucester, MA $1,750,000
Investment Highlights
- Heavy vehicle and foot traffic
- Architectural details- 9′ arched windows, exposed brick\
- Upside opportunity with under market rents
Executive Summary
Investors & Owner Occupiers… 7,200sqft Mixed Use Residential / Commercial property located at the busy West End of Main Street, Gloucester. Seven total units- Four commercial & three residential. All 4 commercial units are rented. Two residential units rented through AirBnb, large residential unit owner-occupied. Architectural character inside and out. Features include 16′ high ceiling, 9′ windows, exposed brick, full basement. Corner lot location, within 1/2 mile of MBTA and 1 mile to Rte 128. Opportunity to enhance investment return by updating below-market rents. Long standing anchor tenant (26 years). Contact listing broker for financials and showing instructions.
Address
- Property ID 94896
- Price Price on call
- Property Type Office/Retail
- Year Built 1860
- Size 7,200 SqFt
- Land area 6 SqFt
- Sale Type Investment or Owner User
- Property Subtype Storefront Retail/Residential
- Building Class B
- Price Per SF 243
- Percent Leased 100
- Land Acres .06
- Opportunity Zone Yes
- Zoning CB - Central Business
- Frontage 54
Contact
Name: Fred Newton
508-725-7017