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The Rudder on Rocky Neck 73 Rocky Neck Ave 5,593 SF 100% Leased Retail Building Gloucester, MA 01930 $1,500,000 ($268.19/SF)
Investment Highlights
- Waterfront Restaurant
- 2 BR / 3 BA Residential Condo
- Boat Slips
Executive Summary
Waterfront Rocky Neck Landmark Restaurant | Rare Live-Work Opportunity
A rare opportunity to own an iconic, waterfront restaurant in the heart of Rocky Neck, Gloucester—one of the oldest working art colonies in America. This beloved landmark has served locals and visitors for over 60 years, creating generations of cherished memories and earning an enduring reputation for quality, character, and atmosphere.
Rebuilt in 2010, the restaurant seamlessly blends historic charm with modern amenities. Fully furnished and stocked, it offers a turnkey operation where diners enjoy picturesque views of Smith Cove and the constant rhythm of passing boats. The setting is unmatched, drawing both loyal locals and steady tourist traffic.
73 Rocky Neck Ave is comprised of 2 units: the restaurant and 2 BR/3BA residential unit. The residence is also for sale for $1.6m — presenting a truly unique live-work or investment opportunity.
Whether you’re an aspiring restaurateur or an investor seeking a one-of-a-kind waterfront asset, this offering delivers exceptional lifestyle appeal and incredible income potential in one of Gloucester’s most sought-after locations.
A rare opportunity to own an iconic, waterfront restaurant in the heart of Rocky Neck, Gloucester—one of the oldest working art colonies in America. This beloved landmark has served locals and visitors for over 60 years, creating generations of cherished memories and earning an enduring reputation for quality, character, and atmosphere.
Rebuilt in 2010, the restaurant seamlessly blends historic charm with modern amenities. Fully furnished and stocked, it offers a turnkey operation where diners enjoy picturesque views of Smith Cove and the constant rhythm of passing boats. The setting is unmatched, drawing both loyal locals and steady tourist traffic.
73 Rocky Neck Ave is comprised of 2 units: the restaurant and 2 BR/3BA residential unit. The residence is also for sale for $1.6m — presenting a truly unique live-work or investment opportunity.
Whether you’re an aspiring restaurateur or an investor seeking a one-of-a-kind waterfront asset, this offering delivers exceptional lifestyle appeal and incredible income potential in one of Gloucester’s most sought-after locations.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,593 SF
Building Class
B
Year Built/Renovated
1955/2009
Price
$1,500,000
Price Per SF
$268.19
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.80
Lot Size
0.16 AC
Zoning
NB - NB zoning in Massachusetts is a neighborhood business zoning classification that allows low-intensity retail, office, and personal services near resi.
Parking
30 Spaces (5.36 Spaces per 1,000 SF Leased)
Frontage
41’ on Rocky Neck Ave
Amenities
- Waterfront
Nearby Major Retailers
Property Taxes
| Parcel Number | GLOU-000128-000042-000001 | Improvements Assessment | $1,035,700 |
| Land Assessment | $0 | Total Assessment | $1,035,700 |
Property Taxes
Parcel Number
GLOU-000128-000042-000001
Land Assessment
$0
Improvements Assessment
$1,035,700
Total Assessment
$1,035,700
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Engel & Volkers By The Sea
The Rudder on Rocky Neck | 73 Rocky Neck Ave
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