
Listed by Argyle Realty Group LLC
$8,000,000
Cape Ann Medical Building Annual Income $693,000 +
Details
Property Type Office
Sub Type Medical Office, Medical outpatient building
Square Footage 36,185
Net Rentable (SqFt) 33,462
Rent Bumps Yes
Price per SqFt $221
Broker Co-Op Yes
Class A
Year Built 1988
Buildings 1
Stories 2
Lot Size (SqFt) 88,426
Parking Spaces 96 spaces
Parking per 1,000 SqFt 2.65
Investment Type Value Add
Ground Lease No
Ownership Trust
Office | 36,185 SqFt
Marketing description
Introducing the Cape Ann Medical Building located at One Blackburn Drive, Gloucester, MA 01930. This versatile property offers a range of office options including Executive, Medical, and Traditional offices, making it ideal for a variety of businesses. Boasting 96 parking spaces and a prime location, this property is a rare find.
Situated in a bustling area of Gloucester, the Cape Ann Medical Building benefits from a steadily growing population with a median household income of $74.2k. The property's proximity to major employment categories such as Management, Education, Healthcare, and Retail makes it a strategic business location.
With a promising growth rate in demographics and employment, investing in this property presents an opportunity for future success. Don't miss out on the chance to own a part of this thriving community. Take advantage of this property's potential and envision your business thriving at the Cape Ann Medical Building.
Investment highlights
- Well established medical building
- Conveniently located off Route 128 just off Blackburn Circle at the corner of Dory and Blackburn Ave.
- Credit Tenants
- Masonry and Steel construction
- Ample off street parking 96 parks
Listing Contacts

Listed by Argyle Realty Group LLC
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