This Retail Property is Off-Market.

30 Western Avenue
Gloucester, MA 01930 ·

27,144 SF · Retail For Sale

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Retail Property For Sale

Price N/A Property Use Type Investment
Building Size 27,144 SF Commission Split 1%
Property Type Retail Tenancy Multiple
Property Sub-type Restaurant Lot Size 41,441 SF
Listing ID: 15776705 Date Created: 06/26/2008 Last Updated: 08/12/2009

Description

The Property is a Historic Restaurant and Destination Point, known as "The Tavern", set on the Water in Gloucester, Mass. The Building is Completely Renovated Inside and Out. Fully Permitted Restaurant/Function Hall With Kitchen, 2 Bars, Seating 300 Persons/ Serving 365 Persons. Expansion Potential for Restaurant Exists on First level. Currently 2 Leased Office Units on the First Level and 10 Leased Office Units on the Upper Level. There is Plenty of Onsite Parking and Potential for Creating a Private Dock and Marina. The Building Can Continue Current Uses as a Restaurant/Function Hall With Leasable Office Space; or Offices can be Converted to Residential Units; or Redevelop All as Hotel with Restaurant and Spa; or Luxury Residential Units; or Offices. This Location is a Once in a Lifetime Opportunity. Its a Luxury Getaway.

The Property is Raised Above the Waterfront at the Crest of Western Avenue (Rte 127) and has Ocean Vistas on Three Sides. Beachfront Land is Part of the Property and Adjacent to the Site along Western Ave. The Property is Walking Distance to Downtown Gloucester and the Gloucester Marina. Easy Access to Rte 128 and All of Cape Anne.

Research

30 Western Avenue, Gloucester, MA 01930 (Essex County)

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