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    29 Lexington Ave Gloucester, MA 01930

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    For Lease
    $1,100 /Mo

    700 sq ft commercial space in downtown Gloucester/Magnolia.

    Property Features for 29 Lexington Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900
    Source: Corcoran

    Listing Agent: Richard Palladino

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Gloucester Retail Space Available

    This 700 square foot commercial space is located in downtown Gloucester/Magnolia, situated one block from a private beach. The layout includes a bathroom, room dividers, and partitions, which can be removed to create an open area. On-street parking is available. The space is suitable for starting a small business or relocating an existing business to the city. Electric heat is provided, and water is included in the gross rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.7123369
    Latitude
    42.5758997

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    FAQs

    What type of property is this?
    Retail space - 700 sq ft commercial space in downtown Gloucester/Magnolia.
    Where is this retail space located?
    The property is located at 29 Lexington Ave Gloucester, MA.
    What are key features of this property?
    This property features: - Prime downtown Gloucester/Magnolia location.; - Just one block from a private beach.; - Versatile 700 sq ft commercial space.
    (978) 535-6500
    Request Owner's contact information
    29 Lexington Ave Gloucester, MA 01930
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    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
    29 Lexington Ave Gloucester, MA 01930
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