1. Massachusetts
  2. Gloucester
  3. 168 Eastern Ave
$2,200,000

168 Eastern Ave, Gloucester, MA 01930

  • 2 baths |
  • 8,200 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon0.97acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $268/sqft
  • Property List Date Icon Listed 26 days ago

Property Description

168 Eastern Ave, Gloucester, MA – Commercial Auto/Development Opportunity.Former repair center (33 yrs) on nearly 1 acre with 6 double-deep bays (12–14 vehicles). Features include clean 21E soil report (2025 update), new rubber roof/deck ($150K, 2023), and 2024 appraisal at $2.7M–$3M. Income potential: storage parking ($100–$450/space), 25-car dealer license, and possibly to apply and obtain a state inspection facility (+$120K/yr). Redevelopment upside with zoning allowing ~10 contractor bays (1,500 SF each) yielding ~$25K/mo. High-visibility location with strong traffic counts, easy highway access, and multiple business uses. Ideal for operators or investors seeking cash flow with future growth.

Listing Status:
Active
Date Added:
September 15, 2025 at 05:00AM
Listing Office:
Pasciuto and Associates : 781-883-0707
Listing Agent:
Frank Pasciuto : 781-883-0707
MLS ID:
73431003
  • Roofing: Rubber
  • Originating MLS: MLS Property Information Network
  • County: Essex
  • Zoning: EBM:0160 B:0006 L:00001901496
  • Utilities: Public WaterPublic SewerNatural Gas Available220 Volts
  • Source: MLS Property Information Network

This listing courtesy of Frank Pasciuto, Pasciuto and Associates

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Veterans Memorial

11 Webster St, Gloucester, MA, 01930

Grades KG-5

0.74 miles away

R

Ralph B O'Maley Middle School

32 Cherry St, Gloucester, MA, 01930

Grades 6-8

1.74 miles away

G

Gloucester High School

32 Leslie O Johnson Rd, Gloucester, MA, 01930

Grades 9-12

2.12 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.