Individually Owned Property summary
Located in East Gloucester near Smith Cove, the North Shore Art Association, and Rocky Neck, this three-story property contains a first-floor condo unit and a two-story condo apartment above. The first floor includes a large great room with floor-to-ceiling windows, a half bathroom, a kitchen, and a washroom; it is configured for flexible use, including office or restaurant use, and may be convertible to residential use with required approvals. The second and third floors form a single two-story residence with high ceilings and natural light, featuring three bedrooms, one full bathroom, a large living room, a dining room, and a kitchen with harbor views. A large roof deck overlooks Smith Cove and Gloucester Harbor, and the outdoor area includes a walk-in refrigerator that could be repurposed as patio space. The property has a total size of 2,305 square feet and a lot size of 0.06 acres.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Courthouse Local Government Office
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Police Department
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Police Department
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Gas Station
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Neighborhood Business Districts are located throughout the city. Residential uses are allowed, as are consumer service and retail businesses serving the residents of the immediate neighborhood.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
NB · Gloucester, MANeighborhood Business Districts are located throughout the city. Residential uses are allowed, as are consumer service and retail businesses serving the residents of the immediate neighborhood.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Neighborhood Business Districts are located throughout the city. Residential uses are allowed, as are consumer service and retail businesses serving the residents of the immediate neighborhood.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NB in Gloucester, MA.
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