185 Days on Boardwalk PropertiesPrice Reduced $300,000
1
0000 Confidential Ave., Gloucester, MA 01930
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$2,900,000
Type: Mixed Use
Triple Net Lease (NNN)
6600 Bldg. SQFT
7 Restroom
Parking: N/A

Property Description

Investment and/or development opportunity in NB Zone! Highly-desirable location with LOTS of parking. Address and Prospectus shared upon signing NDA. Established & recognizable retail tenants in place with triple net leases. One commercial unit is unoccupied/unfinished space, ready for your vision and completion as 3BR/1.5 BA (1200 s/f) with special permit. Significant recent investment in property infrastructure. Buyer responsible for all property verification and due diligence with facilitation by Seller Broker. Not in flood zone. Current Owner share annual expenses $4,116 factored for NOI $87,684. One unit vacant/no current income. Potential to vision and explore development of 7-10 Luxury Condominiums. Preliminary architectural plans to develop existing footprint and expand with (2) two additional footprints. Motivated Seller!

Property Details tap to expand

Property Information

  • Type: Mixed Use
  • Location: Legal Conforming
  • MLS ID#: 73436821

Financial

  • Gross Annual Expenses: 26116
  • Gross Annual Income: 91800
  • Net Operating Income: 87684
  • Lease Type: Triple Net Lease (NNN)

Building Information

  • Total SQFT: 6600
  • Total Restrooms: 7

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/15/2026Expired$1,250,000$368MLSPIN
02/17/2026Temporarily Withdrawn$1,250,000$368MLSPIN
01/17/2026Active$2,900,000$439MLSPIN
01/13/2026Price Change$2,900,000$439MLSPIN
10/03/2025Active$3,200,000$485MLSPIN
09/29/2025New$3,200,000$485MLSPIN
08/18/2025Active$1,250,000$368MLSPIN
08/14/2025New$1,250,000$368MLSPIN

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Seller's Representative: Janet Breiter, Keller Williams Realty Evolution
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-03-14 15:50:00