After 46 years of doing business in Gloucester, the owner has decided to retire and sell the "Seatronics" building in East Gloucester. Located on East Main St, the property enjoys the high visibility of this busy corridor in Gloucester. The 1,631sf free standing, block building has been used as a retail store for marine related sales since 1978. The first floor is clear span with 10' ceiling and could be wide open with removal of one non-loading bearing wall. One existing bathroom, with plumbing for a second, that would need to be updated if for public use. There is a full basement with the same 1,631sf of storage space and a 6' 5" ceiling height. To the left of the building, there is parking for 8 vehicles. Far left of property is an easement granted to 173 and 183R East Main St for driveway access. Variety of potential uses by right or with special permit that include retail, office, single family, artist studio and mixed-use. Buyer and buyer's broker to perform own due diligence.
171 East Main St, Gloucester, MA, 01930
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
