27 Washington Street #27
$299,000
0.1
Baths
1,550
Sqft
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$299,000
0.1
Baths
1,550
Living Area
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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.
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Highlights
- Cooling: Wall Unit(s)
- HOA Fee: $267
- Property Type: Condominium
- Total Rooms: 3
- Year Built: 1900
- Heating: Electric
- Property Class: Residential
- Stories: 2
- Unit Number: 27
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator
- Construction: Frame
- Exterior Features: Rain Gutters
- Interior Features: Bonus Room, Finish - Sheetrock
- Roof: Rubber, Asphalt/Composition Shingles
- Total Number of Units: 6
- Year Built Source: Public Records
- Basement: Y
- Exclusions: Cooking, Refrigeration, Tables And Chairs Are The Property Of The Current Diner Tenant.
- Flooring: Tile, Laminate
- Pets Allowed: Yes w/ Restrictions
- SqFt Source: Unit Floor Plan
- Year Built Details: Approximate
- Zoning: R5
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
- Waterfront Features: Harbor, 1/10 to 3/10 To Beach, Beach Ownership(Public)
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Utilities
- Electric: 110 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $300,000
- HOA Fee Frequency: Monthly
- Tax Year: 2025
- Compensation Based On: Net Sale Price
- HOA Fee Includes: Insurance, Reserve Funds
- Taxes: $3,000
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Listing information provided courtesy of Boston Metropolitan Realty.
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