Brought to you by: Ruth E. Pino, CBR, CRS, GRI - ReMax Advantage Real Estate
224 Washington Street
Gloucester, MA 01930

Phone: (978) 764-6710
Website: www.RuthPino.com
Email: ruth@ruthpino.com
 

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Prepared for : Jul-20-2018 12:45:59 pm
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222 Eastern Ave
Gloucester, MA. 01930-1810

Essex County
Area: East Gloucester

Directions: Route 127 Near Rockport Town Line

MLS # 72352757 - Active
Commercial/Industrial Office

List Price $1,125,000 Zoning GI
List Date   Lot Size 23,873SF
Sale Price   Est. Street Front 140
Sold Date   Depth 0
Assessed Value $476,100 Waterfront  
Days on Market   Taxes $6,155.97
Square Footage 4,167 Tax Year 2018
# Units 11 Parking Spaces 23
Remarks:
Investors! Entrepreneurs! Inventors! Artists! This mixed use commercial/business property is ideal for creative thinkers in all types of work, wellness practitioners or co work space. Very attractive three bedroom, two bath apartment could be owner occupied or, could be used by an on site manager as living space. Ten separate office rooms supported by storage space and two half baths currently accommodate up to thirty separate practitioners. The property is located within a General Industrial Zoning District and, just to name a few, allows for offices, a day care center, a trade school. Think of the possibilities! Set on over a half acre of land, with Greenbelt owning land to the rear and side, this property has many possibilities. Currently earning $65,000 in rental income and with potential for earning an additional $20,000 from the three bedroom apartment, the property is not only a good investment, it can be home to a creative spirit.
Building Info
Office Sq. Ft.   2517
Office Units   10
Retail Units   0
Resi. Sq. Ft.   1650
Resi. Units   1
Total Units   11
Total Sq. Footage   0
Features
# Restrooms   4
Construction   Frame
Dividable   No
Driving Doors   0
Easements   0
Elevator   No
Expandable   No
Loading Docks   0
Location   Urban, Highway
   Access
Parking   Open, 21+
   Spaces, Paved Driveway
Plat Plan   Yes
Railroad Siding   No
Roof   Shingle
Sprinklers   No
Subdividable   No
Survey   Yes
Traffic Count   0
Underground Tank   No
Utilities   Public Water,
   Private Sewer
Financial Info
Building Assessed Value  
   $251,900
Gross Annual Exp.  
   $14,700
Gross Annual Income  
   $65,888
Land Assessed Value  
   $224,200
Special Financing   No
Additional Information
21E on File   Yes
Association Info  
   Association Available?:
   No
Deed   Book: 28158, Page:
   581
Disclosure Declaration  
   No
Disclosures   Call for
   apppointment Showings
   Mondays after 5,
   Thursdays after 5,
   Saturdays 9-11
Exchange   No
Foreclosure   No
Identifier   Map: 264,
   Lot: 25
Lease   No
Lien and Encumb   No
Parcel #   M:0264 B:0025
   L:0000
Short Sale   No
Site Condition   Dry
Space Available   For Sale
Sublet   No
Year Built Source   PR
Zone Desc.   Legal
   Conforming

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Property Last Updated by Listing Office: 7/6/18 2:38pm

Courtesy: MLSPIN

Listing Office: RE/MAX Advantage Real Estate Listing Agent: Ruth Pino


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