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    Bearskin Nck Rockport, MA 01966

    Sponsored
    For Sale
    $1,495,000

    Prime Rockport Village location, high rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Rockport, MA property presents a unique blend of commercial and residential real estate, ideally situated on Bearskin Neck with breathtaking panoramic ocean views overlooking Rockport Harbor. The building, encompassing approximately 0.03 acres, comprises six distinct units. The ground floor features four established commercial retail spaces, each contributing to a substantial rental income stream. Above the commercial spaces, the second floor boasts a spacious two-bedroom residential unit complete with a full kitchen, bathroom including laundry facilities, and captivating water views accessible from both the living and dining areas. A private deck extends the living space and enhances the stunning harbor vistas. The third floor offers a charming one-bedroom unit, also featuring living and dining areas, and a smaller deck providing equally impressive views. The building's rental history is robust, generating an annual income exceeding $100,000. Direct harborfront access is a key feature, providing convenient launch points for kayaks and paddleboards. A rocky beachfront and a shaded grotto located beneath the building add to the property's unique character. This property presents an outstanding opportunity for conversion into condominiums or a lucrative investment in a highly desirable location. Resident parking is easily accessible, and the property is within walking distance of numerous amenities. The asking price is $1,495,000.

    Property Features for Bearskin Nck

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1972
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockport
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.61669
    Latitude
    42.65907

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Rockport Village location, high rental income.
    Where is this commercial real estate located?
    The property is located at Bearskin Nck Rockport, MA.
    What is the asking price?
    The asking price for this property is $1,495,000.
    (978) 526-8555
    Request Owner's contact information
    Bearskin Nck Rockport, MA 01966
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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
    Bearskin Nck Rockport, MA 01966
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