Gloucester, MA 01930,0000 Confidential Ave.
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John J. Dean Jr.

John J. Dean Jr.

Engel & Völkers Americas

+1(617) 553-1926
$ 2,900,000
Est. payment /mo
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Price Dropped by $300K

0000 Confidential Ave. Gloucester, MA 01930

6,600 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,600 sqft

Price per Sqft $439

MLS Listing ID 73436821

HOA Y/N false

Year Built 1980

Annual Tax Amount $11,198

Tax Year 2025

Lot Size 0.930 Acres

Acres 0.93

Property Description

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!

Location

State MA

County Essex

Zoning NB

Direction Provided upon signed NDA

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available

Others

Senior Community false

Listed by Keller Williams Realty Evolution
John J. Dean Jr.

John J. Dean Jr.

Real Estate Advisor | License ID: 9512783

+1(617) 553-1926

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0000 Confidential Ave.

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