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Property profile & analytics
OFF-MARKET
Commercial real estate

73 Rocky Nck Ave 1&2 Gloucester, MA 01930

0.16 ac lot Built 2010
Property ID
Property summary
AI-generated overview

This exceptional property at 73 Rocky Neck Ave. in Gloucester, MA presents a rare opportunity to acquire a beloved, established waterfront restaurant and a two-bedroom residence above. Situated on a 0.16-acre lot in the heart of Rocky Neck, one of America's oldest working art colonies, this iconic landmark has served the community for over 60 years, building a legacy of quality and nostalgic charm. Completely rebuilt in 2010, the restaurant seamlessly blends historical character with modern amenities. The fully furnished and stocked restaurant boasts five deep-water boat slips on picturesque Smith Cove, offering diners a unique waterfront dining experience. The upper level features a comfortable two-bedroom residence, providing convenient living quarters above the thriving business. This turnkey operation offers incredible income potential, making it an ideal investment for an aspiring restaurateur or a savvy investor seeking a unique and established waterfront property. The property's prime location in the desirable Rocky Neck area ensures continued success and high demand. This is a truly one-of-a-kind opportunity to own a piece of Gloucester's rich history while enjoying a lucrative business and stunning waterfront lifestyle. The asking price is $3,100,000.

Property profile
Verified
Property type Commercial real estate
Year built 2010
Lot 0.16 ac (6,970 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Rudder Restaurant
  • Rudder Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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