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First-Floor Restaurant Condo
New
For Sale
$325,000

197 E Main 1, Gloucester, MA 01930

Gloucester, MA

Property SizeContact for details
Days on Market2

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
Listed By: Andree Robert
Added: Aug 19 Last Checked: Aug 20 at 1:06PM
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 in East Gloucester is configured around a spacious main room with floor-to-ceiling windows. The premises include a kitchen, washroom, and half bath, with an exterior area that currently houses a walk-in refrigerator and could accommodate patio use. The property was built in 1900 and was formerly occupied by Duckworth's Bistrot.

The location places the unit near Smith Cove and the North Shore Art Association, with Rocky Neck, Niles Beach, and Good Harbor Beach also within minutes. Its existing commercial layout and included support spaces provide a foundation for restaurant, office, gallery, or other business use as described for the property.

Key Highlights

  • First‑floor commercial condominium in East Gloucester
  • Large main room with floor‑to‑ceiling windows
  • Kitchen, washroom, and half bath included

Property Analytics

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Commercial condo with kitchen infrastructure, service areas, and expansive windows for restaurant, office, gallery, or business use.
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 $325,000.
What are key features of this property?
This property features: First‑floor commercial condominium in East Gloucester; Large main room with floor‑to‑ceiling windows; Kitchen, washroom, and half bath included
More about this property
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