If you’ve been looking for something you would be proud to own, this is it. Stately and majestic the building now has 3 separate office spaces on the first level and two 2-bedroom spacious apartments on the upper levels. High visibility location. Live in bustling downtown Gloucester near shopping, entertainment and many dining choices. Hop on the train nearby, if you are going to a show in Boston and return to your home knowing it’s so close. Easily work from home with separate entrances for the office. Grand staircase leads to the upper floors you can use as home, or use one or both for additional income. The bonus is the ample parking area and the two-car garage.
Attention Contractors, Developers and savvy Investors! This is a great opportunity to obtain this 3 multifamily mixed used project in the heart of beautiful Magnolia near the beach, ready to go this season! This property has an existing first floor commercial unit already built and just needs finished details inside. With an incredible 13 nicely paved parking spots and beautiful fenced lot and landscaping. Large basement provides plenty of space to create storage for each unit and laundry facilities. Newer septic system support the project so your utilities are ready! The ZBA approval in hand and ready to build 2 residential units on top of the existing commercial unit. Come and start building!
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.
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.
