Description
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.
Address: 368 Essex Ave, Gloucester MA 01930
City: Gloucester
State/County: Essex
Zip: 01930
Country: United States
Property Id: 920156
Price: $ 1,699,000
Property Lot Size: 4 ft2
BuildingAreaUnits: Square Feet
CommunityFeatures: Public Transportation,Walk/Jog Trails,Highway Access,Public School,T-Station
Directions: please use GPS
Disclosures: 368 Essex Ave and 368R Essex Ave (additional 1.26 acres) being sold together. Rear lot is zoned R-30. Sellers are requesting a U&O. Unit 1 tenant occupied lease until 10/1,no photos of unit #2
DocumentsAvailable: None
DocumentsCount: 1
ExpirationDate: 1900-01-01
FarmLandAreaUnits: Square Feet
FrontageLength: 450.00
IDXParticipationYN: 1
ListAgentMlsId: CN223997
ListOfficeMlsId: AN4955
ListingAgreement: Exclusive Right To Sell
LotSizeUnits: Acres
Electric: On-Site
ElementarySchool: West Parish
MLSPIN_COMP_BASED_ON: Compensation Offered but Not in MLS
Gas: Nearby
MLSPIN_DISCLOSURE: N
MLSPIN_DPR_Flag: No
MLSPIN_ENTERED_BY: CN223997
HighSchool: Ghs
MLSPIN_LISTING_ALERT: No
MLSPIN_MAIN_LO: AN4851
ListingContractDate: 2025-05-13
ListingId: 73373947
LotFeatures: Sloped,Wooded,Additional Land Available
LotSizeArea: 3.7
LotSizeSquareFeet: 161172
MLSPIN_OFFLINE_LIST_NO: 3910508
MLSAreaMajor: West Gloucester
MiddleOrJuniorSchool: O'maley
MLSPIN_PAGE: 420
ParcelNumber: M:0229 B:0039 L:0000,1904862
MlsStatus: New
OriginalListPrice: 1699000
OriginatingSystemID: mlspin
OriginatingSystemKey: mlspin
OriginatingSystemName: MLS Property Information Network
PhotosCount: 30
PrivateOfficeRemarks: first showings will be at open houses Sat & Sun - time TBD
RoadFrontageType: Public
Sewer: Public Sewer,At Street
ShowingInstructions: Call List Agent,Accompanied Showings,Appointment Required,Email List Agent,Other (See Special Showing Instructions),Please Text Or Email List Agent
StateOrProvince: MA
StreetName: Essex Ave
StreetNumber: 368
StreetNumberNumeric: 368
TaxAnnualAmount: 9065
TaxAssessedValue: 931700
TaxBookNumber: 13338
TaxYear: 2024
WaterSource: Public
Zoning: R-20
Office Name: churchill properties
Member Name: antonia frank
Other Features
Electrical Utility Available
$ 8,711.11
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 6,587.36
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