Waterfront Rocky Neck! Iconic & established Restaurant and 2-BR Waterfront Residence above! A rare opportunity to own a beloved landmark in the heart of Rocky Neck - one of the oldest working art colonies in America. This legendary restaurant has been serving locals and tourists for over 60 years and continues to evoke nostalgic memories for generations. Rebuilt in 2010, it offers a perfect blend of history, charm, and modern amenities with an enduring reputation for quality and atmosphere. The fully furnished and stocked restaurant has 5 deep-water boat slips to allow diners to dock and enjoy their meals on picturesque Smith Cove.This is a one-of-a-kind opportunity to live and work in one of the most sought-after waterfront locations. Whether you're an aspiring restaurateur or looking for a unique investment, this property offers the best of both worlds: a thriving business and a waterfront lifestyle. Incredible income potential.
73 Rocky Neck Ave., #1&2, Gloucester, (Rocky Neck), 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.
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