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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.
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Listing provided by Frank Pasciuto, Pasciuto and Associates
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