- For Sale Contact for pricing
- Property Type Multi-Family
- Property Size 18,912 SF
- Units 22
- Lot Size 30,971 SF
- Parking Spaces Avail. 20
- Parking Ratio 1.06 / 1,000 SF
- Date Updated Jul 7, 2025
The Mega Group has available for immediate acquisition this 22-Unit Oceanfront Investment / Redevelopment Opportunity. The subject property is one 18,912 +/- square foot mixed-use brick construction corner building with 20+ parking spaces with drive-in parking garage and one single-tenant restaurant building with additional off-street parking situated on 30,971 +/- square feet of land. Location is prime waterfront in an emerging transit-oriented market. The likely suitor is a hotel / condominium developer or a real estate investor with experience acquiring "value-add" opportunities.
There are nineteen (19) total residential units, five (5) studio units, twelve (12) one-bedroom apartments and two (2) two-bedroom apartments and three (3) commercial units bringing the total unit count to twenty-two (22). The commercial tenants pay for their own heat and electricity with the restaurant also reimbursing for their water bill. The apartments all include heat & hot water and the Tenants pay their own electric bills.
The subject property is zoned NB (Neighborhood Business). Neighborhood Business Districts are located throughout the city and residential uses are allowed, as are consumer service and retail businesses serving the residents of the immediate neighborhood. According to the use schedule a hotel is possible through a permitting process.
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
91/100
Walker's Paradise
-
Transit Score ®
45/100
Some Transit
-
Bike Score ®
56/100
Bikeable
- City Gloucester, MA
- Neighborhood Gloucester
- Zip Code 01930
- Market Boston
Points of Interest
-
Gloucester
0.42 miles
-
Rockport
3.79 miles
-
Clipper Creek
0.36 miles
-
Speedway
0.87 miles
-
Richdale
5.44 miles
-
EV Connect
7.80 miles
-
Babson Boulderscc
1.42 miles
-
Forecourt
7.65 miles
-
Reservoir Lot
7.70 miles
-
Physical Plant Lot
7.75 miles
-
West Beach Parking
7.75 miles
-
Frost Hall and Admissions visitor parking
7.82 miles
-
Barrington Lot
7.82 miles
-
Jenks Parking Lot
7.83 miles
-
Steep Hill Event Parking
7.84 miles
-
Drew Lot
7.91 miles
-
Harborview Inn
0.16 miles
-
Beauport Hotel Gloucester
0.16 miles
-
Vista Hotel
1.63 miles
-
Bass Rocks Ocean Inn
1.77 miles
-
Atlantis Oceanfront Inn
1.77 miles
-
Wingaersheek Motel
2.29 miles
-
Rockport Inn & Suites
3.46 miles
-
Eagle House Motel
4.06 miles
-
Eagle House Beachside
4.07 miles
-
Captain's Bounty on the Beach
4.11 miles
-
Fort Square Cafe
0.10 miles
-
Tonno Gloucester
0.11 miles
-
Gang Nam Gloucester
0.13 miles
-
Two Sisters
0.14 miles
-
Oak to Ember
0.16 miles
-
Short & Main
0.16 miles
-
Machaca Taco and Tequila Bar
0.17 miles
-
Minglewood Harborside
0.19 miles
-
Italiano
0.20 miles
-
Oliver’s Harbor Restaurant
0.20 miles
-
Hovey School
0.30 miles
-
Gloucester Alternative High School
0.35 miles
-
Saint Ann Elementary School
0.43 miles
-
St Ann Elementary
0.44 miles
-
Gloucester High School
0.45 miles
-
East Gloucester Elementary School
1.07 miles
-
East Veterans School
1.12 miles
-
Saint Mel Day School
1.34 miles
-
O'Maley Innovation Middle School
1.37 miles
-
Faith Christian School
1.61 miles
-
Ipswich River Nature Preschool
8.03 miles
-
Cuvilly Arts & Earth Center
9.68 miles
Frequently Asked Questions
The sale price for 31 Western Ave is available upon request. Contact the listing broker for more information.
31 Western Ave totals 18,912 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
The Mega Group