368 Essex Ave Gloucester, MA 01930

Listing office Churchill Properties

Listing date May 13, 2025

Source Corcoran

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Investment Insights

Based on property information with market context.

This offering presents a rare opportunity for investors and developers to acquire a substantial 3.7-acre parcel in a highly desirable West Gloucester location. The property includes a three-family property situated on a 2.44-acre lot, with an additional 1.26-acre lot being sold together. The existing property offers immediate income potential with three separate units. The property holds significant potential for subdivision, subject to buyer due diligence and approvals. The zoning is R20 with potential for 5 ANR lots, and the property may be included in a future MBTA MF 3A Overlay district (not yet established).

Key Highlights

• Substantial 3.7‑acre parcel in desirable West Gloucester location.
• Significant potential for subdivision (subject to approvals).
• Existing three‑family property provides immediate income potential.

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FAQs

What type of property is this?

Residential land & home lot - 3.7-acre parcel with income potential and development opportunities in Gloucester.

Where is this residential land & home lot located?

The property is located at 368 Essex Ave Gloucester, MA.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Substantial 3.7‑acre parcel in desirable West Gloucester location.; Significant potential for subdivision (subject to approvals).; Existing three‑family property provides immediate income potential.