Price Reduced 9.09%


13 Flume Rd, Gloucester, (Magnolia), MA, 01930

13 Flume Rd, Gloucester, (Magnolia), MA, 01930

1920

Attention business owners and investors! Fantastic opportunity to own this Mixed Use property in sight of the ocean and in the heart of Magnolia Village. Four residential apartments. The first-floor unit has an updated kitchen and hardwood floors and offers 3 bedrooms and 2.5 baths also two one-bedroom apartments..one apartment rented and the other apartment being renovated and a penthouse 2 bedroom unit completely renovated. Relaxing " common area ocean-view roof deck. Four retail units are located on Lexington Ave. 3 Store fronts rented and 1 vacancy. All store fronts pay their own utilities. Residential renters have heat and hot water included. Septic System is massive and supports up to 14 bedrooms. Take advantage of this up-and-coming area with its shops and restaurants. This property has so much potential Think... Condo conversion? Airbnb? Live and have your business with no commute. Steps to the ocean and Kettle Cove beach, restaurants, shops, and Magnolia Library.


Status:

Active

Town:

Gloucester

Type:

Commercial

Zoning:

VB

Parking:

10-car

Acreage:

0.2

Est. Taxes:

$10,100

MLS #:

73255255

Facilitator Compensation:

1


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Richard Palladino, Century 21 North East