Mixed-Use Property Near the
For Sale
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13 Flume Rd, Gloucester, MA 01930
Mixed-use property with apartments and retail in Magnolia Village.
Property SizeContact for details
Days on Market833
Property Features for 13 Flume Rd
General Information
Standard status
Active
Property subtype
Special Purpose, Land
Listing Agency:
Century 21 North East Peabody
Listed By:
Richard Palladino · License #9081833
(978) 535-6500
Source:
Crexi
Added: May 29, 2024
Changed: Sep 5
Last Checked: Sep 8 at 3:35AM
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 Century 21 North East Peabody
Investment Insights
Based on property information with market context.
This mixed-use property is located in the heart of Magnolia Village, within sight of the ocean. It features four residential apartments, including a first-floor unit with an updated kitchen, hardwood floors, three bedrooms, and 2.5 baths. There are also two one-bedroom apartments, one currently rented and the other being renovated, as well as a completely renovated two-bedroom penthouse unit. Residents can enjoy a common area ocean-view roof deck. The property includes four retail units on Lexington Avenue, with three currently rented and one vacancy. The store fronts pay their own utilities, while the residential renters have heat and hot water included. The septic system is designed to support up to 14 bedrooms. The property is located steps from the ocean, Kettle Cove beach, restaurants, shops, and the Magnolia Library. This property offers potential for condo conversion, Airbnb, or the opportunity to live and operate a business without a commute.
Key Highlights
- Mixed‑use property in the heart of Magnolia Village, offering both residential and commercial income potential.
- Ocean views and a common area roof deck provide a desirable amenity for residents.
- Four retail units on Lexington Ave, with three currently rented, providing immediate income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with apartments and retail in Magnolia Village.
Where is this mixed-use property located?
The property is located at 13 Flume Rd Gloucester, MA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Mixed‑use property in the heart of Magnolia Village, offering both residential and commercial income potential.; Ocean views and a common area roof deck provide a desirable amenity for residents.; Four retail units on Lexington Ave, with three currently rented, providing immediate income.
