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Iconic Waterfront Restaurant and Residence
For Sale
$3,100,000
Pending

73 Rocky Neck Ave. 1&2, Gloucester, MA 01930

Established restaurant with residence in historic Rocky Neck art colony.

Property SizeContact for details
Days on Market108

Property Features for 73 Rocky Neck Ave. 1&2

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 2010
Listing Agency: Engel & Volkers By the Sea
Listed By: Barbara Dugan
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 8 at 12:28PM

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 Engel & Volkers By the Sea

Investment Insights

Based on property information with market context.

This property features an established restaurant and a two-bedroom waterfront residence. The restaurant, rebuilt in 2010, has been a local landmark for over 60 years in the heart of Rocky Neck, one of the oldest working art colonies in America. It offers a blend of historical charm and modern amenities. The fully furnished and stocked restaurant includes five deep-water boat slips, allowing diners to dock and dine on Smith Cove. This property presents an opportunity to live and work in a sought-after waterfront location, with potential for income generation. The location is considered very walkable with a walk score of 84, and has some transit options with a transit score of 45. It is somewhat bikeable, with a bike score of 48.

Key Highlights

  • Iconic waterfront restaurant with established business (60+ years) and 2‑BR residence.
  • Prime location in the heart of Rocky Neck art colony.
  • Rebuilt in 2010 with modern amenities.

Property Analytics

Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

52
Businesses Nearby
Balanced
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established restaurant with residence in historic Rocky Neck art colony.
Where is this conventional restaurant located?
The property is located at 73 Rocky Neck Ave. 1&2 Gloucester, MA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Iconic waterfront restaurant with established business (60+ years) and 2‑BR residence.; Prime location in the heart of Rocky Neck art colony.; Rebuilt in 2010 with modern amenities.
More about this property
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