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168 Eastern Ave Gloucester, MA 01930

For Sale
$2,200,000

Former repair center on nearly 1 acre with redevelopment potential.

Lot size:
0.97 Acres

Property Features for 168 Eastern Ave

General Information

Lot size
0.97 Acres

Building Details

Year built
1965

Source: Pasciuto and Associates Agent Frank Pasciuto

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


Overview

Gloucester Commercial Auto/Development Opportunity

This commercial property, formerly a repair center for 33 years, presents an auto or development opportunity. Situated on nearly 1 acre, the property features 6 double-deep bays, accommodating 12 to 14 vehicles. A new rubber roof and deck were installed in 2023 at a cost of $150,000. The property has a clean 21E soil report, updated in 2025, and a 2024 appraisal between $2.7 million and $3 million. The zoning allows for redevelopment with approximately 10 contractor bays, each 1,500 square feet, potentially yielding around $25,000 per month. Income potential includes storage parking, with spaces renting for $100 to $450 each, and a 25-car dealer license. There is also the possibility of applying for and obtaining a state inspection facility, which could generate an additional $120,000 per year. The property benefits from a high-visibility location with strong traffic counts and easy highway access, making it suitable for multiple business uses. This property is ideal for operators or investors seeking cash flow with future growth.
Insight Report Location Intelligence

Current Use by Public Records

Meineke Car Care ... Auto Repair Shop D/J Towing Towing Service

Suggested Use

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

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

Similar Places Nearby

Sullivan Tire & Auto Service, Tally's Truck Center, Joe's Auto Body, Honest Engine Motors, Good Harbor Tire & Auto

Location Insight

  • Map
  • Local Demand
City
Gloucester
County
Essex
State
Massachusetts
Longitude
-70.6384265
Latitude
42.6265032

FAQs

What type of property is this?
Auto shop - Former repair center on nearly 1 acre with redevelopment potential.
Where is this auto shop located?
The property is located at 168 Eastern Ave Gloucester, MA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: - Prime commercial location with high visibility, strong traffic counts, and easy highway access.; - Significant income potential from storage parking, 25-car dealer license, and potential state inspection facility (+$120K/yr).; - Redevelopment opportunity with zoning allowing ~10 contractor bays (1,500 SF each) yielding ~$25K/mo.
More about this property
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