Bearskin NckRockport, MA 01966

Property Details for Bearskin Nck

Year built

1972

Lot size

0.03 AC

Property type

Commercial real estate

Description

This exceptional Rockport, MA property presents a unique blend of commercial and residential real estate, ideally situated on Bearskin Neck with breathtaking panoramic ocean views overlooking Rockport Harbor. The building, encompassing approximately 0.03 acres, comprises six distinct units. The ground floor features four established commercial retail spaces, each contributing to a substantial rental income stream. Above the commercial spaces, the second floor boasts a spacious two-bedroom residential unit complete with a full kitchen, bathroom including laundry facilities, and captivating water views accessible from both the living and dining areas. A private deck extends the living space and enhances the stunning harbor vistas. The third floor offers a charming one-bedroom unit, also featuring living and dining areas, and a smaller deck providing equally impressive views. The building's rental history is robust, generating an annual income exceeding $100,000. Direct harborfront access is a key feature, providing convenient launch points for kayaks and paddleboards. A rocky beachfront and a shaded grotto located beneath the building add to the property's unique character. This property presents an outstanding opportunity for conversion into condominiums or a lucrative investment in a highly desirable location. Resident parking is easily accessible, and the property is within walking distance of numerous amenities. The asking price is $1,495,000.

Location Insight

City

Rockport

County

Essex

State

Massachusetts

Latitude

42.6591

Longitude

-70.6167

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