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Basement : No | Lot Size : 3920 sqft/0.09 Acre |
Property Details : "Introducing Gloucester's newest mixed use commercial property located in an Opportunity Zone. Formally known as the Greenie or Green Tavern, a solid 1925 structure, with original tin ceilings and a beautiful one-of-a-kind mahogany bar. Offering a street level commercial space expanding 3,265 square feet consisting of a large built-in bar with dining area, separate entertainment area, ADA bathrooms, office, and a fully equipped commercial kitchen, this property houses (4) one-bedroom residential apartments upstairs, offering endless income potential or condo conversion possibilities. Hold onto property for 5 years get 10% off Capital Gains, hold for 7 years get 15% reduction in Capital Gains, hold on for 10 years have 0% Capital Gains. Positioned in a high traffic area on a strip filled with various shops and restaurants, here is your opportunity to build your dream business in one of the busiest seaport cities on Boston's Northshore!" |
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Information deemed reliable but not guaranteed.