13 Flume Rd Gloucester, MA 01930

This exceptional mixed-use property in Gloucester, MA, presents a unique investment opportunity. Located in the heart of Magnolia Village, this property boasts prime ocean views and offers a blend of residential and commercial spaces. The residential component includes four apartments: a three-bedroom, 2.5-bathroom unit with updated kitchen and hardwood floors, two one-bedroom units (one rented, one renovated), and a completely renovated two-bedroom penthouse. A relaxing common area ocean-view roof deck adds to the appeal. The commercial aspect comprises four retail units on Lexington Ave, three currently rented and one vacant. All retail units are responsible for their own utilities, while residential tenants benefit from included heat and hot water. The property sits on a 0.2-acre lot and features a substantial septic system capable of supporting up to 14 bedrooms. Its proximity to Kettle Cove beach, restaurants, shops, and the Magnolia Library enhances its desirability. This property offers significant potential for various uses, including condo conversion or Airbnb operation. The asking price is $1,999,999. This is a rare chance to own a thriving business and live steps from the ocean, eliminating commuting time.