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    73 Rocky Nck Ave 1&2 Gloucester, MA 01930

    Sponsored
    For Sale
    $3,100,000

    Landmark Restaurant & Residence, High Income Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    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 Features for 73 Rocky Nck Ave 1&2

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,970 SF

    Building Details

    Year Built
    2010
    Property Profile Location Intelligence

    Current Use by Public Records

    The Rudder Restaurant Rudder Restaurant Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.65623
    Latitude
    42.60736

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    FAQs

    What type of property is this?
    Commercial real estate - Landmark Restaurant & Residence, High Income Potential
    Where is this commercial real estate located?
    The property is located at 73 Rocky Nck Ave 1&2 Gloucester, MA.
    What is the asking price?
    The asking price for this property is $3,100,000.
    (978) 865-1168
    Request Owner's contact information
    73 Rocky Nck Ave 1&2 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

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    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
    73 Rocky Nck Ave 1&2 Gloucester, MA 01930
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