$1,699,000 ($443.49 per sqft)

Est. Mortgage $8,703/mo *

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368 Essex Ave, Gloucester, (West Gloucester), MA, 01930

368 Essex Ave, Gloucester, (West Gloucester), MA, 01930
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14 rooms

7 beds

3 Full baths

1920

3,831 sqft

Investors and developers, take note! This is a rare opportunity to acquire a substantial 3.7-acre parcel in a highly desirable West Gloucester location. This offering includes a considerable three-family property situated on a sprawling 2.44-acre lot, with an additional 1.26-acre lot being sold together. The existing property offers immediate income potential with three separate units. However, the real allure lies in the significant potential for subdivision (subject to buyer due diligence and approvals). Zoning is R20 with potential for 5 ANR lots and the property may be included in a future MBTA MF 3A Overlay district (not yet established). Imagine the possibilities for future development! Don't miss out on this unique chance to own a significant piece of land in a prime Gloucester setting.

Status:

Active

Town:

Gloucester

Type:

Multi-family

Laundry Remarks:

Electric Dryer Hookup, Washer Hookup

Units:

3

Zoning:

R-20

Frontage:

450.00

Garage:

2-car

Levels:

4

Parking:

5-car, Shared Driveway, Off Street, Unpaved

Acreage:

3.7

Est. Taxes:

$9,065

Assessment

$931,700

Utilities

for Electric Oven, for Electric Dryer, Washer Hookup

Lot Description:

Wooded, Additional Land Avail., Sloped

Amenities:

Public Transportation, Walk/Jog Trails, Conservation Area, Highway Access, Marina, Public School, T-Station

Elementary School:

West Parish

Middle School:

O'maley

High School:

Ghs

MLS #:

73373946

Compensation Based On:

Compensation Offered but Not in MLS

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Antonia Frank, Churchill Properties Phone: 978-515-7031