Mixed-Use Property Near the
13 Flume Rd Gloucester, MA 01930
For Sale
Contact for pricing
Mixed-use property with apartments and retail in Magnolia Village.
Days on Market788
Property Features for 13 Flume Rd
General Information
- Standard status
- Active
- Property subtype
- Special Purpose, Land
Listing Agency:
Century 21 North East Peabody
Listed By:
Richard Palladino · License #9081833
Source:
Crexi
Added: May 29, 2024
Changed: Jul 10
Last Checked: Jul 23 at 4:32PM
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 Century 21 North East Peabody
Investment Insights
Based on property information with market context.
This mixed-use property is located in the heart of Magnolia Village, within sight of the ocean. It features four residential apartments, including a first-floor unit with an updated kitchen, hardwood floors, three bedrooms, and 2.5 baths. There are also two one-bedroom apartments, one currently rented and the other being renovated, as well as a completely renovated two-bedroom penthouse unit. Residents can enjoy a common area ocean-view roof deck. The property includes four retail units on Lexington Avenue, with three currently rented and one vacancy. The store fronts pay their own utilities, while the residential renters have heat and hot water included. The septic system is designed to support up to 14 bedrooms. The property is located steps from the ocean, Kettle Cove beach, restaurants, shops, and the Magnolia Library. This property offers potential for condo conversion, Airbnb, or the opportunity to live and operate a business without a commute.
Key Highlights
- Mixed‑use property in the heart of Magnolia Village, offering both residential and commercial income potential.
- Ocean views and a common area roof deck provide a desirable amenity for residents.
- Four retail units on Lexington Ave, with three currently rented, providing immediate income.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with apartments and retail in Magnolia Village.
Where is this mixed-use property located?
The property is located at 13 Flume Rd Gloucester, MA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Mixed‑use property in the heart of Magnolia Village, offering both residential and commercial income potential.; Ocean views and a common area roof deck provide a desirable amenity for residents.; Four retail units on Lexington Ave, with three currently rented, providing immediate income.
