MA > Gloucester
Gloucester, MA 01930,368 Essex Ave
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Gloucester, MA 01930,368 Essex Ave
Gloucester, MA 01930,368 Essex Ave
Gloucester, MA 01930,368 Essex Ave
Gloucester, MA 01930,368 Essex Ave
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John J. Dean Jr.

John J. Dean Jr.

Engel & Völkers Americas

+1(617) 553-1926
$ 1,499,000
Est. payment /mo
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Price Dropped by $200K

368 Essex Ave Gloucester, MA 01930

3.7 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 73373947

HOA Y/N false

Annual Tax Amount $9,065

Tax Year 2024

Lot Size 3.700 Acres

Acres 3.7

Property Sub-Type Residential

Property Description

Investors and developers, take note! This is a rare opportunity to acquire a substantial 3.7-acre parcel in a highly desirable West Gloucester location. This offering includes a considerable three-family property situated on a sprawling 2.44-acre lot, with an additional 1.26-acre lot being sold together. The existing property offers immediate income potential with three separate units. However, the real allure lies in the significant potential for subdivision (subject to buyer due diligence and approvals). Zoning is R20 with potential for 5 ANR lots and the property may be included in a future MBTA MF 3A Overlay district (not yet established). Imagine the possibilities for future development! Don't miss out on this unique chance to own a significant piece of land in a prime Gloucester setting.

Location

State MA

County Essex

Area West Gloucester

Zoning R-20

Direction please use GPS

Exterior

Community Features Public Transportation, Walk/Jog Trails, Highway Access, Public School, T-Station

Building

Lot Description Sloped, Wooded, Additional Land Available

Sewer Public Sewer, At Street

Water Public

Schools

Elementary Schools West Parish

Middle Schools O'Maley

High Schools Ghs

Others

Senior Community false

Listed by Churchill Properties
agent

John J. Dean Jr.

Real Estate Advisor | License ID: 9512783

+1(617) 553-1926

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