Property Description

Developers, restaurants, and business people will want to see this. This standalone building (currently used as a diner) is in the R5 multi-unit residential zone so it can be converted back to residential use and/or can add additional units on upper levels. Located in the heart of Downtown Gloucester; just a block from Main St restaurants and shops and the harbor. Consider adding 1 or 2 residential condos on upper levels. Keep the ground level as a commercial unit or convert it to residential as well. Buyer to do their own due diligence. Currently operated as a diner. There is 2nd floor space that isn't currently utilized nor accessible. Exclusive use back yard as well. Lots of options! Plenty of parking on the street plus option to lease parking spaces from St Johns lot next door. Current tenant (Two Sisters Diner) is tenant at will. Monthly HOA fee $267. This building has all its own utilities: water, sewer, electric, heat.