$1,400,000
N/A Beds N/A Baths
HOA
N/A
LOT size: 0.07 Acres
SQFT
6007
222 Main St
Gloucester, MA 01930

Property Description

OPPORTUNITY ABOUNDS! Fantastic investment opportunity in this fully leased 10 unit mixed-use building in the heart of Gloucester. Seven deleaded residential units and 3 retail spaces. Located in historic East End, and well cared for building with lots of updates throughout. Gross income of $12,025 per month. Don't miss your chance to own a piece of thriving downtown Gloucester! The property is located in the Central Business (CB) District. and the city zoning allows for a variety of uses that include office, retail, medical, restaurants, financial, education and more.

Property Details

Property Information

  • Location: Downtown
  • Type: Commercial
  • Space Available: For Sale
  • Number of Buildings: 1
  • On File 21e: No
  • Location: Other (See Remarks)
  • Parking Feature: Common, Street
  • MLS ID#: 72655348

Financial

  • Building Assessed Value: 433900
  • Land Assessed Value: 214700
  • Total Assessed Value: 648600
  • Gross Annual Expenses: 23642
  • Gross Annual Income: 144300
  • Net Operating Income: 120658
  • Exchange: No
  • Lease: Yes
  • Sublet: No

Building Information

  • Number of Units: 10
  • Total Units: 10
  • Stories: 4
  • Total SQFT: 6007
  • Total Restrooms: 1
  • Retail Units: 3
  • Retail SQFT: 2261
  • Residential Units: 7
  • Residential SQFT: 3746

Construction & Utilities

  • Roof Material: Rubber
  • Utilities: Public Sewer, Public Water

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