73 Rocky Nck Ave 1&2 Gloucester, MA 01930
This exceptional property at 73 Rocky Neck Ave. in Gloucester, MA presents a rare opportunity to acquire a beloved, established waterfront restaurant and a two-bedroom residence above. Situated on a 0.16-acre lot in the heart of Rocky Neck, one of America's oldest working art colonies, this iconic landmark has served the community for over 60 years, building a legacy of quality and nostalgic charm. Completely rebuilt in 2010, the restaurant seamlessly blends historical character with modern amenities. The fully furnished and stocked restaurant boasts five deep-water boat slips on picturesque Smith Cove, offering diners a unique waterfront dining experience. The upper level features a comfortable two-bedroom residence, providing convenient living quarters above the thriving business. This turnkey operation offers incredible income potential, making it an ideal investment for an aspiring restaurateur or a savvy investor seeking a unique and established waterfront property. The property's prime location in the desirable Rocky Neck area ensures continued success and high demand. This is a truly one-of-a-kind opportunity to own a piece of Gloucester's rich history while enjoying a lucrative business and stunning waterfront lifestyle. The asking price is $3,100,000.
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The Rudder Restaurant
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Rudder Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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