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The Rudder on Rocky Neck 73 Rocky Neck Ave 5,593 SF 100% Leased Retail Building Gloucester, MA 01930 $3,100,000 ($554.26/SF)

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INVESTMENT HIGHLIGHTS

  • Waterfront Restaurant
  • 2 BR / 3 BA Residential Condo
  • 5 Boat Slips

EXECUTIVE SUMMARY

Waterfront Rocky Neck! Iconic & established Restaurant and 2-BR Waterfront Residence above! A rare opportunity to own a beloved landmark in the heart of Rocky Neck, Gloucester: one of the oldest working art colonies in America. This legendary restaurant has been serving locals and tourists for over 60 years and continues to evoke nostalgic memories for generations. Rebuilt in 2010, it offers a perfect blend of history, charm, and modern amenities with an enduring reputation for quality and atmosphere. The fully furnished and stocked restaurant has 5 deep-water boat slips to allow diners to dock and enjoy their meals on picturesque Smith Cove.This is a one-of-a-kind opportunity to live and work in one of the most sought-after waterfront locations. Whether you're an aspiring restaurateur or looking for a unique investment, this property offers the best of both worlds: a thriving business and a waterfront lifestyle. Incredible income potential.

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
$3,100,000
Price Per SF
$554.26
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

Santander
Chase
TD Bank
Citizens Bankk
The YMCA
Bank of America
CrossFit
Stop & Shop
Market Basket

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GLOU-000128-000042-000001
Land Assessment
$0
Improvements Assessment
$1,035,700
Total Assessment
$1,035,700
  • Listing ID: 34127656

  • Date on Market: 12/8/2024

  • Last Updated:

  • Address: 73 Rocky Neck Ave, Gloucester, MA 01930

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