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108R Eastern Ave - 108R & 122R Eastern Ave 7.5 Acres of Commercial Land Offered at $1,800,000 in Gloucester, MA 01930

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INVESTMENT HIGHLIGHTS

  • Rare 7.73-acre development site in affluent Cape Ann submarket.
  • Flexible GI zoning suitable for multifamily, industrial, or senior housing.
  • Strong local demographics and proximity to healthcare and retail amenities.
  • Scenic waterviews and direct access to Eastern Avenue.
  • One mile from downtown Gloucester and near MBTA commuter rail.

EXECUTIVE SUMMARY

Atlantic Capital Partners has been exclusively engaged to market for sale Blackburn East, a 7.73-acre land site located at 108R and 112R Eastern Avenue in Gloucester, MA. The asset features a prime redevelopment opportunity in one of the North Shore’s most desirable coastal communities. Blackburn East offers over 7 acres of vacant land with excellent access to downtown Gloucester and the city’s primary amenities. The site is ideally situated 1.5 miles East of the bustling downtown area and benefits from proximity to essential services including Shaw’s Supermarket, Addison Gilbert Hospital, and the MBTA Commuter Rail Station. Blackburn East features an elevated topography and includes an access easement from Eastern Avenue. The offering includes two contiguous parcels—108R and 112R—totaling 7.73 acres of land. Both parcels are currently zoned General Industrial, providing a wide range of potential uses. The ownership entity currently controls the highlighted parcels shown below, and Parcels 1 and 2 (108R and 112R) are being exclusively offered as part of this sale.

PROPERTY FACTS

Price $1,800,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 4.90 AC
Zoning GI - General Industrial

1 LOT AVAILABLE

Lot

Price $1,800,000
Price Per AC $240,000.00
Lot Size 7.50 AC

A +/- 7.5-acre site with scenic waterviews and direct access to Eastern Ave, positioned for multifamily, industrial, or senior housing development

DESCRIPTION

The property’s General Industrial zoning provides flexibility for a wide range of uses, including multifamily, industrial, or senior housing development. Elevated topography enhances visibility and appeal, while the surrounding area boasts strong demographics with average household incomes exceeding $108,000 within a three-mile radius. Gloucester’s vibrant coastal character, combined with its accessibility to Boston (approximately 45–60 minutes by car or commuter rail), makes this site an exceptional investment for developers seeking entry into a high-barrier market.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GLOU-000263-000028
Land Assessment
$26,400
Improvements Assessment
$0
Total Assessment
$26,400
  • Listing ID: 38609802

  • Date on Market: 12/1/2025

  • Last Updated:

  • Address: 108R Eastern Ave, Gloucester, MA 01930

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