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25-31 Railroad Ave - Station Place 29 Railroad Ave Unit 2 1,573 SF Office/Retail Condo Unit Offered at $590,000 in Gloucester, MA 01930

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Investment Highlights

Heavy traffic and walking flow
Lots of light and sunshine

Next to the T and bus stop

1 Unit Available

Unit 2
1,573 SF
Office/Retail
$590,000 ($375.08/SF)
-

25-31 Railroad Ave, Gloucester, MA 01930 - Unit 2 - - Interior Photo - Image 1 of 3 — image (1)

25-31 Railroad Ave, Gloucester, MA 01930 - Unit 2 - - Interior Photo - Image 2 of 3 — image (2)

25-31 Railroad Ave, Gloucester, MA 01930 - Unit 2 - - Interior Photo - Image 3 of 3 — image

Sale Type	Investment

Sale Type	Investment

Description

Location is the key with this retail condo. Currently leased by an optical shop as a tenant at will with a 60day notice. This is the perfect spot for retail, offices or another type of commercial space. It is next door to the T and bus station, restaurants, florist, graphics store, car wash, liquor store, convenience stores and many other businesses. It is a high traffic area, close to 128 with close proximity to downtown and city hall.
Great visibility, easily accessible, two deeded parking spots with more in front and out back of the condo. Gloucester is a beautiful town and very busy in the summer.

Sale Notes

The condo fee.is 614 a month. It includes landscaping, snow plowing, any exterior maintenance. Tenant currently pays all rent, condo fee, water and city sewer.
The condo is for sale not the business. Buyers need to do their own diligence.
Only 29 Railroad Ave, Unit 2 is for sale.

Unit	Unit Size	Condo Use	Price	NOI
Unit 2	1,573 SF	Office/Retail	$590,000 ($375.08/SF)	-

Unit Size

1,573 SF

Condo Use

Office/Retail

Price

$590,000 ($375.08/SF)

NOI

1 of 3

Videos

Matterport 3D Exterior

Matterport 3D Tour

Photos

Street View Street

Map

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.

Total Building Size	33,543 SF	Year Built	2004
Property Type	Retail (Condo)	Tenancy	Single
Property Subtype	Storefront	Lot Size	0.67 AC
Building Class	B	Parking Ratio	0.83/1,000 SF
Floors	3	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Typical Floor Size	11,181 SF
Zoning	NB - Commercial

Total Building Size	33,543 SF
Property Type	Retail (Condo)
Property Subtype	Storefront
Building Class	B
Floors	3
Typical Floor Size	11,181 SF
Year Built	2004
Tenancy	Single
Lot Size	0.67 AC
Parking Ratio	0.83/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	NB - Commercial