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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

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
PROPERTY FACTS
| Price | $1,800,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 4.90 AC |
| Property Type | Land | ||
| Zoning | GI - General Industrial | ||
| 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 | Lot Size | 7.50 AC |
| Price Per AC | $240,000.00 |
| 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
| Parcel Number | GLOU-000263-000028 | Improvements Assessment | $0 |
| Land Assessment | $26,400 | Total Assessment | $26,400 |
PROPERTY TAXES
Presented by
108R Eastern Ave - 108R & 122R Eastern Ave
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