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Iconic Waterfront Restaurant with Residence
For Sale
$3,100,000

73 Rocky Neck Ave. #1&2, Gloucester, MA 01930

Established restaurant and waterfront residence in historic Rocky Neck.

Days on Market98

Property Features for 73 Rocky Neck Ave. #1&2

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 2010
Listing Agency: Engel & Volkers By the Sea
Listed By: Barbara Dugan
Source: Liongatere
Added: Apr 25 Changed: Jul 10 Last Checked: Jul 23 at 7:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers By the Sea

Investment Insights

Based on property information with market context.

This property features an established restaurant and a two-bedroom waterfront residence. Rebuilt in 2010, the restaurant has been a local landmark for over 60 years, offering a blend of historical charm and modern amenities. It is fully furnished and stocked, with five deep-water boat slips that allow diners to dock and dine on Smith Cove. The property is located in the heart of Rocky Neck, one of the oldest working art colonies in America. This property offers the opportunity to live and work in a waterfront location.

Key Highlights

  • Iconic waterfront restaurant with established business (60+ years) and 2‑BR residence.
  • Prime waterfront location in the heart of Rocky Neck art colony.
  • Five deep‑water boat slips for customer access.

Property Analytics

Current Use

The Rudder Restaurant Rudder Restaurant Restaurant

Suggested Use

Top Pick Building Supply Skin Care Clinic Real Estate Agency Dental Office Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

945
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01930, MA

29,729
Population
14,630
Households
2
Avg Household Size
50
Median Age
39%
College-Educated
94%
High-School Grad
26.2 sq mi
ZIP Area
1,135
Density / Sq Mi
$87,898
Median Household Income
$49,580
Median Earnings
$1,395
Median Rent
$587,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established restaurant and waterfront residence in historic Rocky Neck.
Where is this conventional restaurant located?
The property is located at 73 Rocky Neck Ave. #1&2 Gloucester, MA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Iconic waterfront restaurant with established business (60+ years) and 2‑BR residence.; Prime waterfront location in the heart of Rocky Neck art colony.; Five deep‑water boat slips for customer access.
More about this property
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