10-unit downtown Gloucester, consisting of 7 residential units & 3 commercial units w/ strong in-place income and long-term upside. The property generates approximately $262,920 in gross annual income w/ operating expenses of ~$71,000, delivering an attractive 7.4% cap rate; increasingly difficult to find in today’s market. Lead compliant certificates for 7 residential units. This asset has been significantly improved, featuring a new roof, updated siding, newer windows, and a rebuilt rear deck, minimizing near-term capital expenditures. Highly walk-able downtown location, tenants benefit from proximity to shops, restaurants, the waterfront, and public transportation supporting strong rental demand across both residential and commercial units. Ideal for an investor seeking stable cash flow with upside, or a 1031 exchange buyer looking to trade into a larger, higher-performing asset in a prime coastal market.
Station Place Condos are a great location for any type of retail business! It is currently being rented by an optical shop as a Tenant at Will. It is centrally located next to the T Station, bus stop, restaurants, convenience stores, florist, and the downtown area of beautiful Gloucester. You can walk to the boulevard, city hall and many neighboring homes and businesses. There is great visibility, easily accessible, two deeded parking spots, street parking and extra spots out back. The second and third floors are residential condos. Great opportunity for a current or new business with a high traffic flow all day long!
Rarely does a property carry the emotional heartbeat of a community while offering development potential. The Cupboard, a landmark synonymous with North Shore summers, is now available for its next chapter. Situated at the gateway to historic Stage Fort Park, this is more than a real estate purchase—it is an acquisition of Gloucester’s coastal legacy. Offering unobstructed views of the harbor and front row seats to the Fourth of July fireworks and the Schooner Festival, the property is also steps away from the sands of Half Moon Beach and Cressy's Beach.
Iconic and storied East Gloucester location with amazing potential and great street visibility. First floor commercial condo unit is formerly Duckworth's Bistrot. This space could be a restaurant, office, gallery or business of any kind. Consists of a large great room with beautiful floor to ceiling windows, half bath, kitchen and washroom. Outdoor space currently holds a walk in refrigerator but could be a patio space. You are in the heart of East Gloucester with Smith Cove on your doorstep, North Shore Art Association around the corner. Rocky Neck, Niles Beach and Good Harbor Beach minutes away.
NEW PRICE ON THIS WONDERFUL POST-AND-BEAM BUILDING WITH GREAT ON-STREET VISIBILITY AND OVERLOOKING GLOUCESTER HARBOR AWAITING ITS NEXT OWNER. SO MANY OPTIONS FOR THIS 3-STORY, 6,500 PLUS SF BUILDING THAT DATES BACK TO 1900 AND HAS AMAZING PERIOD FEATURES LIKE ORIGINAL RANDOM WIDTH FLOORING, BARN DOORS AND SOARING CEILINGS. YOU CAN REFURBISH THE ''OLD'' OR DO A FULL DOWN -TO- THE -STUDS RESTORATION FOR INDIVIDUAL FLOORS, SEPERATE BUSINESSES OR THE ENTIRE BUILDING. THE CHOICE IS YOURS. THAT KIND OF FLEXIBILITY IS A BONUS FOR A PROPERTY THAT IS ZONED CB AND ALREADY HAS AN IMPRESSIVE BUSINESS RENTAL HISTORY. ON-STREET PARKING IS ANOTHER PLUS! IDEAL FOR CONTRACTORS, DEVELOPERS, AND INVESTORS WHO HAVE BEEN SEARCHING FOR JUST THE RIGHT PROPERTY.
Gloucester is located in Massachusetts. Gloucester, Massachusetts has a population of 29,814. Gloucester is less family-centric than the surrounding county with 25.04% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Gloucester, Massachusetts is $82,984. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Gloucester is 50.2 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 18.1 degrees. The average rainfall is approximately 49 inches per year, with 43.6 inches of snow per year.
