Nordlund Associates, Inc. is pleased to present 1 Railroad Avenue for sale. 1 Railroad provides an opportunity to acquire a highly visible commercial property in Gloucester Ma. The property has been used as long standing automotive repair and sales business with two overhead garage doors, bay space and supporting office. Currently tenanted, inquire for lease terms and availability.
Property Details:Property consists of a single story high ceiling building, approximately 9,000 sq ft on approximately 1 acre of land, lending itself to many uses such as Retail, Office, Showroom, Automotive Repair, and Sales.Zoning:This Zone allows for all of the above making it one of the most sought after locations. Full table of uses is available.Potential Growth:Given the prime location and zoning designation, there may be opportunities for future development or renovation to increase the value of the property further.Investors could explore options for property improvement or expansion to attract higher-paying tenants or increase rental rates.Location:Perfectly located on a busy road that provides plenty of visibility. Accessibility to highways like Interstate I-95 aka Route 128. The North Shore area is one of the fastest growing areas in the state, which provides a vibrant business environment for nearly all potential uses.
Attention business owners and investors! Fantastic opportunity to own this Mixed Use property in sight of the ocean and in the heart of Magnolia Village. Four residential apartments. The first-floor unit has an updated kitchen and hardwood floors and offers 3 bedrooms and 2.5 baths also two one-bedroom apartments..one apartment rented and the other apartment being renovated and a penthouse 2 bedroom unit completely renovated. Relaxing " common area ocean-view roof deck. Four retail units are located on Lexington Ave. 3 Store fronts rented and 1 vacancy. All store fronts pay their own utilities. Residential renters have heat and hot water included. Septic System is massive and supports up to 14 bedrooms. Take advantage of this up-and-coming area with its shops and restaurants. This property has so much potential Think... Condo conversion? Airbnb? Live and have your business with no commute. Steps to the ocean and Kettle Cove beach, restaurants, shops, and Magnolia Library.
Incredible opportunity for restaurateurs, entrepreneurs, or investors to take over a turnkey 135 seat bar and restaurant in the heart of Gloucester. Situated in a prime location near popular attractions and local businesses, ensuring a steady stream of customers year-round. Public parking lot directly across street. Fully renovated dining area, bar, signage, and kitchen with full liquor license and 1:00 AM closing. Over $250,000 in recent up-fitting and renovations, including brand new hood, cooktop, fryers, flat top, grill, range, ovens, broiler, dishwasher, ANSUL system, walk-in, soda and beer lines, coolers, ice maker, HVAC, AV, security system, and more. 90% LTV Owner Financing Available
Gloucester is located in Massachusetts. Gloucester, Massachusetts has a population of 29,858. Gloucester is less family-centric than the surrounding county with 25.31% of the households containing married families with children. The county average for households married with children is 30.83%.
The median household income in Gloucester, Massachusetts is $65,348. The median household income for the surrounding county is $73,533 compared to the national median of $57,652. The median age of people living in Gloucester is 49 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 48.6 inches per year, with 45.3 inches of snow per year.
