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Investment Highlights

  • Heavy traffic and walking flow
  • Lots of light and sunshine
  • Next to the T and bus stop

1 Unit Available

Unit 2

Unit Size 1,573 SF
Price $803,668 CAD
Price Per SF $510.91 CAD
Condo Use Office/Retail
Sale Type Investment
Description

Location is the key with this retail condo. Currently leased by an optical shop as a tenant at will with a 60day notice. This is the perfect spot for retail, offices or another type of commercial space. It is next door to the T and bus station, restaurants, florist, graphics store, car wash, liquor store, convenience stores and many other businesses. It is a high traffic area, close to 128 with close proximity to downtown and city hall.  
Great visibility, easily accessible, two deeded parking spots with more in front and out back of the condo. Gloucester is a beautiful town and very busy in the summer.

Sale Notes

The condo fee.is 614 a month. It includes landscaping, snow plowing, any exterior maintenance. Tenant currently pays all rent, condo fee, water and city sewer.
The condo is for sale not the business. Buyers need to do their own diligence.  
Only 29 Railroad Ave, Unit 2 is for sale.

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Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 33,543 SF
Property Type Retail (Condo)
Property Subtype Storefront
Building Class B
Floors 3
Typical Floor Size 11,181 SF
Year Built 2004
Tenancy Single
Lot Size 0.67 AC
Parking Ratio 0.83/1,000 SF
Opportunity Zone Yes
Zoning NB - Commercial

Amenities

  • Corner Lot
  • Security System
  • Signage
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100

Nearby Major Retailers

CrossFit
Bank of America
TD Bank
Citizens Bankk
Starbucks
Market Basket
Santander
Chase
  • Listing ID: 40384043

  • Date on Market: 2026-05-03

  • Last Updated:

  • Address: 25-31 Railroad Ave, Gloucester, MA 01930

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