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Executive Summary

Introducing the Cape Ann Medical Building located at One Blackburn Drive, Gloucester, MA 01930. This versatile property offers a range of office options including Executive, Medical, and Traditional offices, making it ideal for a variety of businesses. Boasting 96 parking spaces and a prime location, this property is a rare find. Situated in a bustling area of Gloucester, the Cape Ann Medical Building benefits from a steadily growing population with a median household income of $74.2k. The property's proximity to major employment categories such as Management, Education, Healthcare, and Retail makes it a strategic business location. With a promising growth rate in demographics and employment, investing in this property presents an opportunity for future success. Don't miss out on the chance to own a part of this thriving community. Take advantage of this property's potential and envision your business thriving at the Cape Ann Medical Building.
Tenants

Data Room Click Here to Access

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
33,367 SF
Building Class
B
Year Built
1988
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,683 SF
Slab To Slab
12’
Building FAR
0.38
Lot Size
2.03 AC
Zoning
R3 - BP (Business Park) zoning, is designed to accommodate a mix of business uses, including offices, research and development, light manufacturing.
Parking
75 Spaces (2.25 Spaces per 1,000 SF Leased)

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Babson & Company
  • Finance and Insurance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Brian Orr Pediatrics
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Cape Ann Medical Center Inc.
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Hearing Services Of Cape Ann
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Northeast Dermatology
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Partners In Health is a nonprofit global health organization founded in 1987 to provide high-quality medical care to impoverished communities. Headquartered in Boston, the organization works in partnership with local governments to strengthen health systems and deliver comprehensive care, including treatment for HIV/AIDS, tuberculosis, cancer, and maternal health. PIH employs more than 18,000 staff worldwide, with the majority serving as community health workers in the countries where it operates. The organization collaborates with leading academic institutions such as Harvard Medical School and Brigham and Women’s Hospital to advance clinical innovation and health equity. Partners In Health is privately held and maintains operations in multiple countries across Latin America, Africa, and the U.S., including Haiti, Peru, Rwanda, and the Navajo Nation.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Babson & Company Finance and Insurance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Brian Orr Pediatrics Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Cape Ann Medical Center Inc. Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Hearing Services Of Cape Ann Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Northeast Dermatology Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
GLOU-000262-000022
Land Assessment
$809,300
Improvements Assessment
$3,451,300
Total Assessment
$4,260,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 39600437

  • Date on Market: 2/27/2026

  • Last Updated:

  • Address: 1 Blackburn Dr, Gloucester, MA 01930

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