$3,175,000

Attention Investors and Developers! Seize this exceptional chance to transform a strategic property located in the vibrant heart of downtown Gloucester. Just one block from the picturesque harbor, this 12,000 sf building has ocean views from its upper levels,Constructed with solid steel beam and cement, this property offers the durability needed for a range of potential uses—subject to city approvals—including luxury condominiums, apartments, a boutique hotel, upscale restaurant, or retail space. The interior has been gutted, providing a blank slate ready for reconstruction to suit your design.Property includes a full parking lot with 20 spaces accessible from Middle Street, a rare asset in such a prime location. The surrounding area is a bustling hub, with local shops, renowned restaurants, parks, music venues, marinas, beaches, and supermarkets all within walking distance. The property is located in an economic opportunity zone for potential tax benefits.