MA > Gloucester
Gloucester, MA 01930,168 Eastern Ave
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Gloucester, MA 01930,168 Eastern Ave
Gloucester, MA 01930,168 Eastern Ave
Gloucester, MA 01930,168 Eastern Ave
Gloucester, MA 01930,168 Eastern Ave
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Lisa Sevajian

Lisa Sevajian

+1(978) 457-3406
$ 2,200,000
Est. payment /mo
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168 Eastern Ave Gloucester, MA 01930

8,200 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,200 sqft

Price per Sqft $268

MLS Listing ID 73431003

HOA Y/N false

Year Built 1965

Annual Tax Amount $9,141

Tax Year 2024

Lot Size 0.970 Acres

Acres 0.97

Property Description

168 Eastern Ave, Gloucester, MA – Commercial Auto/Development Opportunity.Former repair center (33 yrs) on nearly 1 acre with 6 double-deep bays (12–14 vehicles). Features include clean 21E soil report (2025 update), new rubber roof/deck ($150K, 2023), and 2024 appraisal at $2.7M–$3M. Income potential: storage parking ($100–$450/space), 25-car dealer license, and possibly to apply and obtain a state inspection facility (+$120K/yr). Redevelopment upside with zoning allowing ~10 contractor bays (1,500 SF each) yielding ~$25K/mo. High-visibility location with strong traffic counts, easy highway access, and multiple business uses. Ideal for operators or investors seeking cash flow with future growth.

Location

State MA

County Essex

Zoning EB

Direction Route 128 North or South to Eastern Ave exit

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available, 220 Volts

Roof Type Rubber

Total Parking Spaces 50

Others

Senior Community false

Listed by Pasciuto and Associates
Lisa Sevajian

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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168 Eastern Ave

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