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$ 2,200,000
Est. payment | /mo
8,200 SqFt
$ 2,200,000
Est. payment | /mo
8,200 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,200 sqft
Price per Sqft $268
MLS Listing ID 73431003
HOA Y/N false
Year Built 1965
Annual Tax Amount $9,141
Tax Year 2024
Lot Size 0.970 Acres
Acres 0.97
Property Description
168 Eastern Ave, Gloucester, MA – Commercial Auto/Development Opportunity.Former repair center (33 yrs) on nearly 1 acre with 6 double-deep bays (12–14 vehicles). Features include clean 21E soil report (2025 update), new rubber roof/deck ($150K, 2023), and 2024 appraisal at $2.7M–$3M. Income potential: storage parking ($100–$450/space), 25-car dealer license, and possibly to apply and obtain a state inspection facility (+$120K/yr). Redevelopment upside with zoning allowing ~10 contractor bays (1,500 SF each) yielding ~$25K/mo. High-visibility location with strong traffic counts, easy highway access, and multiple business uses. Ideal for operators or investors seeking cash flow with future growth.
Location
State MA
County Essex
Zoning EB
Direction Route 128 North or South to Eastern Ave exit
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 220 Volts
Roof Type Rubber
Total Parking Spaces 50
Others
Senior Community false
Listed by Pasciuto and Associates
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