Attention Investors and Developers! Seize this exceptional chance to transform a strategic property located in the vibrant heart of downtown Gloucester. Just one block from the picturesque harbor, this 12,000 sf building has ocean views from its upper levels,Constructed with solid steel beam and cement, this property offers the durability needed for a range of potential uses—subject to city approvals—including luxury condominiums, apartments, a boutique hotel, upscale restaurant, or retail space. The interior has been gutted, providing a blank slate ready for reconstruction to suit your design.Property includes a full parking lot with 20 spaces accessible from Middle Street, a rare asset in such a prime location. The surrounding area is a bustling hub, with local shops, renowned restaurants, parks, music venues, marinas, beaches, and supermarkets all within walking distance. The property is located in an economic opportunity zone for potential tax benefits.
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Last Updated: October 30th, 2024 at 5:53am
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General Information for 150 Main Street, Gloucester, Massachusetts 01930
Property TypeCommercial Sale
Price$3,250,000
MLS #73306566
List Date2024-10-25
Special Listing ConditionsNo
StateMassachusetts
Street NameMain Street
Unit
CityGloucester
Zip Code01930
CountyEssex
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total12822
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress150 Main Street, Gloucester MA 01930
Zoning
Zoning DescriptionLegal Conforming
Business TypeCommercial
Interior Features for 150 Main Street, Gloucester, Massachusetts 01930
* Approx. Living Area Total12,822 sq ft
MLS Area (Major)
OffMarketDate
Exterior Features for 150 Main Street, Gloucester, Massachusetts 01930
* Parking Spaces20
* Year Built1961
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 150 Main Street, Gloucester, Massachusetts 01930
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 150 Main Street, Gloucester, Massachusetts 01930
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$3,250,000
Lifestyle Information for 150 Main Street, Gloucester, Massachusetts 01930
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 150 Main Street, Gloucester, Massachusetts 01930
Marketing History for 150 Main Street, Gloucester, Massachusetts 01930
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 150 Main Street, Gloucester, Massachusetts 01930