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    197 E Main 1 Gloucester, MA 01930

    New
    For Sale
    $399,000

    Commercial Sale, Other - Gloucester, MA

    Lot size:
    0.06 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 197 E Main 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Legal Non-Conforming
    APN
    4849088
    EntryLevel
    1
    Lot size
    0.06 Acres

    Building Details

    Year built
    1900
    Roof type
    Asphalt, Rubber
    Architectural style
    Other

    Engel & Völkers Gloucester [email protected]

    Listing agent Andrée Robert (978) 522-6234

    Listing date Dec 4, 2025

    MLS# 73455977 Listing URL

    Copyright © 2025 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Gloucester Commercial Condo Opportunity

    Located in East Gloucester, this commercial condo unit offers potential for various business ventures. The first-floor unit, formerly Duckworth's Bistrot, features a large great room with floor-to-ceiling windows, a half bath, a kitchen, and a washroom. The space is suitable for a restaurant, office, or other business. Conversion to residential use may be possible with a special permit. The outdoor space currently accommodates a walk-in refrigerator but could be transformed into a patio. Situated in the heart of East Gloucester, the property is near Smith Cove and the North Shore Art Association. Rocky Neck, Niles Beach, and Good Harbor Beach are also located within minutes of the property. The lot size is 0.06 acres.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Gloucester
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.651061
    Latitude
    42.609189

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    FAQs

    What type of property is this?
    Restaurant - Commercial condo in East Gloucester with potential for various uses.
    Where is this restaurant located?
    The property is located at 197 E Main 1 Gloucester, MA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Prime East Gloucester location with high street visibility.; - Versatile space suitable for restaurant, office, business, or residential conversion (with permit).; - **Large great room with floor-to-ceiling windows.**
    (978) 522-6234
    Request Owner's contact information
    197 E Main 1 Gloucester, MA 01930
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    197 E Main 1 Gloucester, MA 01930
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