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30 Western Ave 27,177 SF 26% Leased Office Building Gloucester, MA 01930 $7,250,000 ($266.77/SF)
INVESTMENT HIGHLIGHTS
- Waterfront with unparallel views
- In-town location
- Owned beachfront to the low water mark
EXECUTIVE SUMMARY
ATTENTION BUILDERS and DEVELOPERS - A 1.58 acre waterfront mixed use re-development opportunity. Property has adequate frontage for future division,(45,229 s.f. upland, 23,738 s.f. beach)
The 20,000 square foot building is currently being used as a fully leased office building with a solid rental history. The property has previously served as fully licensed restaurant/ event facility. This is a very rare opportunity to produce income while you permit for re-development!!
Located in the Neighborhood Business Zone offering both residential and commercial uses. The property enjoys deeded ownership of the beach to the low water mark. Access to commuter rail within 1/4 mile and walking distance to a vibrant revitalized downtown.
Neighborhood Business zone, residential and commercial uses, owned water front to the low water line.
The 20,000 square foot building is currently being used as a fully leased office building with a solid rental history. The property has previously served as fully licensed restaurant/ event facility. This is a very rare opportunity to produce income while you permit for re-development!!
Located in the Neighborhood Business Zone offering both residential and commercial uses. The property enjoys deeded ownership of the beach to the low water mark. Access to commuter rail within 1/4 mile and walking distance to a vibrant revitalized downtown.
Neighborhood Business zone, residential and commercial uses, owned water front to the low water line.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
27,177 SF
Building Class
B
Year Built/Renovated
1920/1986
Price
$7,250,000
Price Per SF
$266.77
Percent Leased
26%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,059 SF
Building FAR
0.39
Lot Size
1.58 AC
Opportunity Zone
Yes
Zoning
NB - Neighborhood Business Zone which allows for residential and commercial uses. Residential density is 5,000 square feet per unit.
Parking
65 Spaces (2.39 Spaces per 1,000 SF Leased)
AMENITIES
- Waterfront
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | GLOU-000002-000024 | Improvements Assessment | $1,554,100 (2025) |
| Land Assessment | $1,190,600 (2025) | Total Assessment | $2,744,700 (2025) |
PROPERTY TAXES
Parcel Number
GLOU-000002-000024
Land Assessment
$1,190,600 (2025)
Improvements Assessment
$1,554,100 (2025)
Total Assessment
$2,744,700 (2025)
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Presented by
Talty Realty Associates
30 Western Ave
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