171 E Main St - Retail FOR SALE


Gloucester, MA 01930
$590,000 USD
508-725-7017
171 E Main St, Gloucester, MA for Sale
$590,000 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

171 E Main St
Gloucester, MA 01930


OVERVIEW

After 46 years of doing business in Gloucester, the owner has decided to retire and sell the "Seatronics" building in East Gloucester. Located on East Main St, the property enjoys the high visibility of this busy corridor in Gloucester. The 1,631sf free standing, block building has been used as a retail store for marine related sales since 1978. The first floor is clear span with 10' ceiling and could be wide open with removal of one non-loading bearing wall. One existing bathroom, with plumbing for a second, that would need to be updated if for public use. There is a full basement with the same 1,631sf of storage space and a 6' 5" ceiling height. To the left of the building, there is parking for 8 vehicles. Far left of property is an easement granted to 173 and 183R East Main St for driveway access. Variety of potential uses by right or with special permit that include retail, office, single family, artist studio and mixed-use. Buyer and buyer's broker to perform own due diligence.

FOR SALE DETAILS

PRICE

$590,000 USD

PRICE/SF

$362 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Seatronics

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1850

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,826 SF

ZONING

-

APN/PARCEL ID

GLOU-000063-000029

ASK ABOUT THIS PROPERTY

Fred NewtonSovereign Realty AdvisorsMore Info
508-725-7017

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Fred NewtonSovereign Realty AdvisorsMore Info
508-725-7017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.