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$ 3,250,000
Est. payment | /mo
12,822 SqFt
$ 3,250,000
Est. payment | /mo
12,822 SqFt
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 12,822 sqft
Price per Sqft $253
MLS Listing ID 73306566
HOA Y/N false
Year Built 1961
Annual Tax Amount $22,668
Tax Year 2024
Lot Size 0.550 Acres
Acres 0.55
Property Description
Attention Investors and Developers! Seize this exceptional chance to transform a strategic property located in the vibrant heart of downtown Gloucester. Just one block from the picturesque harbor, this 12,000 sf building has ocean views from its upper levels,Constructed with solid steel beam and cement, this property offers the durability needed for a range of potential uses—subject to city approvals—including luxury condominiums, apartments, a boutique hotel, upscale restaurant, or retail space. The interior has been gutted, providing a blank slate ready for reconstruction to suit your design.Property includes a full parking lot with 20 spaces accessible from Middle Street, a rare asset in such a prime location. The surrounding area is a bustling hub, with local shops, renowned restaurants, parks, music venues, marinas, beaches, and supermarkets all within walking distance. The property is located in an economic opportunity zone for potential tax benefits.
Location
State MA
County Essex
Zoning CCD
Direction PLEASE USE GPS
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, Three Phase
Roof Type Rubber
Total Parking Spaces 20
Others
Senior Community false
Listed by Churchill Properties
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Mike And Lee Mita
Broker-Associate | Lic# REB.0016449