$3,500,000

Address:"10" "Oakes Ave"

Gloucester, Essex "01930"

Status :
Style :
Living area : 9501 sqft
Total rooms :	No. of Bedrooms :
Full Bath(s) :	Half Bath(s) :
Garage(s) : 0	Garage Style :
Basement : No	Lot Size : 18524 sqft/0.43 Acre

Property Details : "RARE OPPORTUNITY to own an 11-unit building with stunning, unobstructed, oceanfront views. SHORE DRIVE MANOR sits at the tip of Magnolia Point. Once a hotel frequented by high-society, the property still retains features of a time gone by. Beautiful woodwork, paneling, beamed ceilings, stained glass, hardwood floors, fireplaces, and built-ins. Units are fully occupied and seller has updated Buderus Oil Boilers, water heater, and electric. The literature from the former hotel puts it best: ""When you can relax at the waters edge caressed by Cape Ann's cool breezes, relax in the warm sun, take short walks to the beach, be centrally located to explore Cape Ann's wonders...who could ask for anything more?"""

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