Waterfront Restaurant
For Lease
$7,500/Mo
406 Washington St 1, Gloucester, MA 01930
Renovated waterfront commercial property with outdoor patio and proven success.
Space SizeContact for details
Property Size2,000 SF
Days on Market129
Property Features for 406 Washington St 1
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
J. Barrett & Company
(978) 406-7345
Listed By:
Julia Virden
(978) 406-7345
Source:
Elliman
Added: Apr 3
Changed: Aug 8
Last Checked: Aug 7 at 5:27AM
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 J. Barrett & Company
Investment Insights
Based on property information with market context.
This renovated commercial property offers an exceptional investment opportunity in a prime waterfront location. The property features 2,000 sq. ft. of versatile open space, previously occupied by a successful restaurant for over 25 years. A new 1,300 sq. ft. stone patio provides 180-degree waterfront views, creating an ideal setting for outdoor dining or events. Situated along Route 127, the property benefits from strong foot traffic and steady vehicle flow, serving as the main connection between Downtown Gloucester and Riverview, Riverdale, Annisquam, Lanesville, Pigeon Cove, and Rockport. The location has a bike score of 10, indicating it is somewhat bikeable, a walk score of 12, indicating it is car-dependent, and a transit score of 26, indicating some transit options are available. This property presents a rare and attractive addition to any business or investment portfolio due to its history of long-term tenancy, prime visibility, and coastal setting.
Key Highlights
- Prime waterfront location with unmatched 180‑degree views.
- 2,000 sq. ft. of renovated, versatile open commercial space.
- Additional 1,300 sq. ft. stone patio for outdoor dining/events.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated waterfront commercial property with outdoor patio and proven success.
Where is this conventional restaurant located?
The property is located at 406 Washington St 1 Gloucester, MA.
What is the lease rate?
The lease rate is $7,500/Mo.
What are key features of this property?
This property features: Prime waterfront location with unmatched 180‑degree views.; 2,000 sq. ft. of renovated, versatile open commercial space.; Additional 1,300 sq. ft. stone patio for outdoor dining/events.
