Attention business owners and investors! Fantastic opportunity to own this Mixed Use property in sight of the ocean and in the heart of Magnolia Village. Four residential apartments. The first-floor unit has an updated kitchen and hardwood floors and offers 3 bedrooms and 2.5 baths also two one-bedroom apartments..one apartment rented and the other apartment being renovated and a penthouse 2 bedroom unit completely renovated. Relaxing " common area ocean-view roof deck. Four retail units are located on Lexington Ave. 3 Store fronts rented and 1 vacancy. All store fronts pay their own utilities. Residential renters have heat and hot water included. Septic System is massive and supports up to 14 bedrooms. Take advantage of this up-and-coming area with its shops and restaurants. This property has so much potential Think... Condo conversion? Airbnb? Live and have your business with no commute. Steps to the ocean and Kettle Cove beach, restaurants, shops, and Magnolia Library.
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Last Updated: October 7th, 2024 at 4:13pm
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General Information for 13 Flume Rd, Gloucester, Massachusetts 01930
Property TypeCommercial Sale
Price$1,999,999
MLS #73255255
List Date2024-06-20
Special Listing ConditionsNo
StateMassachusetts
Street NameFlume Rd
Unit
CityGloucester
Zip Code01930
CountyEssex
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress13 Flume Rd, Gloucester MA 01930
Zoning
Zoning DescriptionLegal Conforming
Business TypeCommercial
Interior Features for 13 Flume Rd, Gloucester, Massachusetts 01930
* Approx. Living Area Total0 sq ft
MLS Area (Major)Magnolia
OffMarketDate
Exterior Features for 13 Flume Rd, Gloucester, Massachusetts 01930
* Parking Spaces10
* Year Built1920
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 13 Flume Rd, Gloucester, Massachusetts 01930
Buyer Agent Compensation2
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation1
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 13 Flume Rd, 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$2,200,000
Lifestyle Information for 13 Flume Rd, Gloucester, Massachusetts 01930
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 13 Flume Rd, Gloucester, Massachusetts 01930
Marketing History for 13 Flume Rd, Gloucester, Massachusetts 01930
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 13 Flume Rd, Gloucester, Massachusetts 01930