262-264 Main StreetGloucester, MA 01930MLS Number 72900181

  • Price: $1,200,000
  • 32 Days on Market
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
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262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930262-264 Main Street Gloucester MA 01930
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  • 0.09Acreage
  • 1925Year Built
  • 6,313Square Feet
Introducing Gloucester's newest mixed use commercial property located in an Opportunity Zone. Formally known as the Greenie or Green Tavern, a solid 1925 structure, with original tin ceilings and a beautiful one-of-a-kind mahogany bar. Offering a street level commercial space expanding 3,265 square feet consisting of a large built-in bar with dining area, separate entertainment area, ADA bathrooms, office, and a fully equipped commercial kitchen, this property houses (4) one-bedroom residential apartments upstairs, offering endless income potential or condo conversion possibilities. Hold onto property for 5 years get 10% off Capital Gains, hold for 7 years get 15% reduction in Capital Gains, hold on for 10 years have 0% Capital Gains. Positioned in a high traffic area on a strip filled with various shops and restaurants, here is your opportunity to build your dream business in one of the busiest seaport cities on Boston's Northshore!
Listed by Joseph Militello and Michele Allison-Elwell of Churchill Properties

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
Office: 781-844-9371
127 Franklin St
Reading, MA 01867

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More Info

Parking

  • Parking Spaces
  • Parking FeatureStreet
  • Total Parking Spaces

Building

  • Year Built1925
  • ConstructionBrick, Stucco
  • Total Units5
  • Total Bldg Sf6313
  • No Units5
  • Rsu Units4
  • Reu Units1
  • No Buildings1
  • No Of Restrooms6
  • No Stories2
  • SprinklersYes
  • Sub DividableYes
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg431100
  • Undrgrnd TankNo

Photos

  • Photo Date2021-10-04T12:18:00
  • Number of Photos38

Basic Information

  • MLS Number72900181
  • Prop TypeCI
  • Status Date2021-09-24T15:36:00
  • Date Listed09/24/2021
  • List Price$1,200,000
  • Price Per Square Foot$190
  • LeaseNo
  • DirectionRogers Street to Main Street
  • MLS StatusActive

Interior

  • Ceiling Height14

Exterior

  • Railroad SidingNo
  • Roof MaterialAsphalt/Composition Shingles

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas

Location

  • StreetMain Street
  • TownGloucester
  • StateMA
  • Zip01930
  • CountyEssex
  • LocationDowntown, Urban, Free Standing, Public Transportation, Central Business District

Property

  • Acreage0.09
  • Net Operating Inc44300
  • Space AvailableFor Sale
  • Site ConditionLevel
  • Square Feet6,313
  • SubletNo
  • Lot7
  • Gross Annual Exp5700
  • Lot Size3920
  • Gross Annual Income50000
  • Handicap AccessYes
  • Condo AssociationNo
  • Assessed Value Land226800
  • Main LoAN4851

Other

  • Modification Date2021-10-14T15:47:00
  • Property TypeMixed Use
  • Listing AlertNo
  • EasementsNo
  • Year Built SourcePublic Record
  • DisclosureYes
  • DisclosuresClick on icon to learn about Opportunity Zone info. 1 foot on right side of exterior is extending over lot line.
  • Book38925
  • Listing AgreementExclusive Right to Sell
  • Rsf Bldg Sf3048
  • Ref Bldg Sf3265
  • ExchangeNo
  • Firm Rmk1Residential units will be shown on second appointment . Notice must be given to tenants. Commercial space is vacant. Three residential tenants are at will. One ressential tenant has a lease in place.
  • Page274
  • View Count1
Listed by Joseph Militello and Michele Allison-Elwell of Churchill Properties

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 its 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.

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