262-264 Main Street, Gloucester, Massachusetts 01930

$1,200,000
6,313
SqFt
List Price
$1,200,000
MLS#
72900181
Sq. Ft
6,313
Lot Size
3,920
County
Essex
Year Built
1925
Status
ACTIVE

Property Description

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!

Additional Information

Days on Market
32
Taxes
$8,184
Tax Year
2021
Construction
Brick, Stucco
Acres
0.09
Price Per Sqft
$190
Disclosures
Click on icon to learn about Opportunity Zone info. 1 foot on right side of exterior is extending over lot line.

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Listing courtesy of Michele Allison-Elwell from Churchill Properties

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