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44 Concord St - 44 & 44R Concord St, Gloucester, MA 01930

6.25 Acres of Residential Land Offered at $1,999,000 in Gloucester, MA 01930

Investment Highlights

  • Potential development
  • Highway visibility with frontage on Rt.128
  • Minutes to popular Wingaersheek beach, T-Station and downtown shops

Executive Summary

Buyer to do all due diligence.

Taxes & Operating Expenses (Actual - 2022)

Annual Annual Per AC
Taxes $4,465 $714.40
Operating Expenses $600 $96.00

Taxes & Operating Expenses (Actual - 2022)

Taxes
Annual $4,465
Annual Per AC $714.40
Operating Expenses
Annual $600
Annual Per AC $96.00
Total Expenses
Annual $5,065
Annual Per AC $810.40

Property Facts

Price $1,999,000
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 6.25 AC

1 Lot Available

Lot

Price $1,999,000
Price Per AC $319,840
Lot Size 6.25 AC

44 & 44R Concord St: Amazing opportunity for potential development on 6.25 Ac of land in prime W. Gloucester location along Rt. 128. Minutes to Wingaersheek beach and the W. Gloucester T. Property also includes duplex with stable tenants.

Description

44 & 44R Concord Street. Amazing opportunity for potential development in prime Gloucester location with frontage along Rt. 128. A total of 6.25 Acres on two contigual lots at the West Gloucester exit and minutes to Wingaersheek beach. Close to West Gloucester T-Station, bustling downtown and all the Gloucester beaches makes this location a prime opportunity for development. Zoned R20. Existing duplex on front lot (1.25Ac) with tenants in place. Rear lot is 5.0 Acres of raw land along Route 128. Duplex fed by city water and private sewer. City sewer is located nearby and can be brought down at owners expense. Property generates $40K/year in annual income. Rare opportunity to gain 6+ Acres of land in desirable Cape Ann area. Located in an MBTA Community.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GLOU-000229-000002
Land Assessment
$27,400 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$27,400 (2024)
Annual Taxes
$4,465
Tax Year
2022

zoning

Zoning Code R20
R20
  • Listing ID: 27127598

  • Date on Market: 11/16/2022

  • Last Updated:

  • Address: 44 Concord St, Gloucester, MA 01930

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