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Ruth Pino
Ruth Pino
RE/MAX Advantage Real Estate

222 Eastern Ave, Gloucester, MA 01930

East Gloucester

Commercial

$1,125,000
Price

1
Buildings
Office
Type of Comm.
23,873.00
Lot Size
Investors! Entrepreneurs! Inventors! Artists! This mixed use commercial/business property is ideal for creative thinkers in all types of work, wellness practitioners or co work space. Very attractive three bedroom, two bath apartment could be owner occupied or, could be used by an on site manager as living space. Ten separate office rooms supported by storage space and two half baths currently accommodate up to thirty separate practitioners. The property is located within a General Industrial Zoning District and, just to name a few, allows for offices, a day care center, a trade school. Think of the possibilities! Set on over a half acre of land, with Greenbelt owning land to the rear and side, this property has many possibilities. Currently earning $65,000 in rental income and with potential for earning an additional $20,000 from the three bedroom apartment, the property is not only a good investment, it can be home to a creative spirit.
Open House
No scheduled Open Houses
Highlights
Lot Size: 23,873.00
Acres: 0.55
Area/Village: East Gloucester
List Price: $1,125,000
Type: Commercial
Type of Comm.: Office
Status: Active
Restrooms: 4
Stories: 3
Buildings: 1
Total Units: 11
Total Sq. Ft.: 4,167
Year Built: 1890
Approx. GLA: 4,167
Sub Dividable: N
MLS#: 72352757
 
 
Interior
Elevator: No
Exterior
Acres: 0.55
Space Dividable: No
Easements: Yes
Expandable: No
Handicap Access: Unknown
Lot Size: 23,873.00
Parking Spaces: 23
Parking Features: Open, 21+ Spaces, Paved Driveway
Construction: Frame
Railroad Siding: No
Roof Material: Shingle
Site Condition: Dry
Sprinklers: No
Underground Tank: No
Location: Urban, Highway Access
Utilities: Public Water, Private Sewer
Taxes
Short Sale Lender Approval: No
Lender Owned: No
21E On File: Yes
Assessed Building Value: $251,900
Condo Assoc.: No
Assessed Land Value: $224,200
Exchange: No
Gross Annual Expenses: $14,700
Gross Annual Income: $65,888
Taxes: $6,156
Tax Year: 2018
Lien and Encumbent: No
Book/Page: 28158/581
Sublet: No
Plat Plan: Yes
Special Financing: No
Survey: Yes
Total Assesed Value: $476,100
Zone Description: Legal Conforming
 
 
Features
Office Sq. Ft.: 2,517
Office Units: 10
Residential Sq. Ft.: 1,650
Residential Units: 1
 
 
Additional
Disclosure Declaration: No
Disclosure: Call for apppointment Showings Mondays after 5, Thursdays after 5, Saturdays 9-11
For Lease: No
Space Available: For Sale
Map
The listing office is RE/MAX Advantage Real Estate and the listing agent is Ruth Pino. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 7/23/2018 12:35:00 PM.