MA
Essex
Gloucester
01930
168 Eastern Ave
168 Eastern Ave, Gloucester, MA 01930
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Listing Type
Commercial/Industrial
Listing Status
active
12
$2,200,000

Home Details for 168 Eastern Ave

Price
$2,200,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
2.0
Square feet
8200
Year built
1965
Lot size acres
0.97
County
Essex
Garage
Days on site
55
MLS Listing#
73431003
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.

Property Features
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: Pasciuto and Associates - 781-883-0707
Presented by: Frank Pasciuto
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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