Investment and/or development opportunity in NB Zone! Highly-desirable location with LOTS of parking. Address and Prospectus shared upon signing NDA. Established & recognizable retail tenants in place with triple net leases. One commercial unit is unoccupied/unfinished space, ready for your vision and completion as 3BR/1.5 BA (1200 s/f) with special permit. Significant recent investment in property infrastructure. Buyer responsible for all property verification and due diligence with facilitation by Seller Broker. Not in flood zone. Current Owner share annual expenses $4,116 factored for NOI $87,684. Potential to vision and explore development of 10-12 Luxury Condominiums. Preliminary architectural plans to develop existing footprint and expand with (2) two additional footprints. See MLS #73418193 for optional offering of (3) units, priced $1,250,000. Motivated Seller!
- Disclosure
- Parking Spaces:
- 20
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- NB
- Orig Price:
- $3,200,000
- LEASE_TYPE:
- Nnn
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Gloucester
- State:
- MA
- County:
- Essex
- Postal Code:
- 01930
- Longitude:
- W71° 19' 7.8''
- Latitude:
- N42° 37' 7.3''
Commercial Sale
0000 Confidential Ave., Gloucester, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,900,000
- Square Footage :
- 6,600 Sqft
- Year Built :
- 1980
- Lot Area :
- 0.93 Acre
- Listing ID :
- 73436821
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com