Location: Gloucester, MA
Contact: Rachel Maman
Company: Boston Investment Realty, LLC
Phone: (617) 894-9560
Offered at: $5,000,000
Property Description:
"The Tavern" is a Historic
Restaurant and Destination Point Set on the Water in Gloucester, Mass. The
Building is Completely Renovated Inside and Out. Fully Permitted
Restaurant/Function Hall With Kitchen, 2 Bars, Seating 300 Persons/
Serving 365 Persons. Expansion potential for restaurant exists on first
level. 2 Leased Office Units on the First Level and 10 Leased Office Units
on the Upper Level. There is Plenty of Parking and Potential for Creating
a Private Dock and Marina. The Building Can Continue Current Uses as a
Restaurant/Function Hall With Leasable Office Space or be Redeveloped as a
Hotel, Luxury Residential Units or Offices. This Location is a Once in a
Lifetime Opportunity.
Location Description:
The Property is Raised Above
the Waterfront at the Crest of Western Avenue (Rte 127) and has Ocean
Vistas on Three Sides. Beachfront Land is Part of the Property and
Adjacent to the Site along Western Ave. The Property is Walking Distance
to Downtown Gloucester and the Gloucester Marina. Easy Access to Rte 128
and All of Cape Anne.
| Enlarge Photo | Additional Photo | Interior Photo | Waterfront View |
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Testimonial "Within three weeks of posting my listing on The New England Real Estate Journals Hot Property Alert I had the property under agreement. In addition I was exposed to numerous investors that I would not have been in contact with through other forms of marketing. It has now become a routine form of marketing within our office." - Jason Garland - Winsor Brook Property Advisors |
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