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First-Floor Restaurant Condo
For Sale
$250,000

197 E Main 1, Gloucester, MA 01930

Gloucester, MA

Property SizeContact for details
Days on Market48

Property Features for 197 E Main 1

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active

Building Details

Year built 1900
Listing Agency: Engel & Volkers Gloucester · Engel & Völkers
Added: Aug 19 Changed: Sep 30 Last Checked: Oct 5 at 11:06AM
MLS# 73455977

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This first-floor commercial condominium at 197 E. Main 1 includes a spacious great room, full-height windows, a kitchen, washroom, and half bath. The property was built in 1900 and was formerly occupied by Duckworth's Bistrot. An exterior area currently contains a walk-in refrigerator and may offer patio potential.

The property is positioned in East Gloucester, with Smith Cove nearby and the North Shore Art Association close by. Rocky Neck, Niles Beach, and Good Harbor Beach are also located within the surrounding area. The space is classified as a conventional restaurant property and offers a restaurant-oriented commercial layout.

Key Highlights

  • First‑floor commercial condominium at 197 E. Main 1
  • Large great room with floor‑to‑ceiling windows
  • Kitchen, washroom, and half bath included

Property Analytics

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Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

792
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Great room includes kitchen, washroom, half bath, and floor-to-ceiling windows.
Where is this conventional restaurant located?
The property is located at 197 E Main 1 Gloucester, MA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: First‑floor commercial condominium at 197 E. Main 1; Large great room with floor‑to‑ceiling windows; Kitchen, washroom, and half bath included
More about this property
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