Gloucester - Beach Property For Sale #7033347

For Sale: High-Potential B-1 Zoned Commercial Building:This single-level, well-maintained brick building offers a robust investment opportunity with a strong Cap Rate and minimal upkeep required. Currently generating $3,000/month in rent, this 2,596 sq ft property presents an excellent return on investment. The versatile B-1 zoning supports a range of uses, including retail, office space, or mixed-use development, providing endless possibilities for future tenants or business ventures. Located just off Short Lane across from Lowes this property benefits from excellent visibility and accessibility, making it an attractive location for both tenants and businesses. The current tenant has the option to extend the lease for an additional 5 years, wishes to stay,will vacate, providing flexibility for investors and owner-operators alike. Looking to expand your investment portfolio or establish a new business location, this building offers unmatched potential in a prime area.