For Sale: 168 Eastern Ave, Gloucester, MA – High-Income Auto Repair / Sales & Redevelopment Opportunity ?? Location: 168 Eastern Ave, Gloucester, MA ?? Property Type: Commercial Auto Repair Facility, Storage Facility, Used Car Sales ?? Size: 6-bay, double deep so 12-14 vehicles, auto repair center on nearly 1 acre of land ?? A clean bankable environment soil report. (21E Report) ??A year old rubber roof that includes the replacement of the deck. $150,000 property repair,less than 2 years old. ??Appraisal of the property that was prepared last year 2024. $2,700,000 - $3,000,000 Key Investment Highlights: ? Business: Currently a closed Meineke repair center with a strong customer base and consistent revenue the current owner operated as a Meinke shop for 33 years. ? Additional Current Income & Potential: • Storage Parking Spaces: Opportunity to lease spaces for extra revenue. $100-$300/space depending on size of vehicle. I have leased out to 18 wheelers up to $450/mo. • 25-Car Used Dealer License: Provides an additional revenue stream. Very Successful • The State Inspection Facility is not currently there, however if you could get tis license it is as you know a money maker: Generates $22.50 profit per inspection + potential repair revenue. Generates well over $120,000/year. And you have a dedicated bay to perform inspections. ? Development Opportunity: • Potential to add contractor bays (10 bays at 1,500 SF each), generating an estimated $25,000/month in rental income. Simple construction slab with either a cinder block or butler type building. This would increase the revenue and value of the property when you want to sell it and retire. • Flexible commercial zoning allows for multiple business uses. ? Prime Location: • High-visibility site on Eastern Ave with strong traffic counts. • Easy access to major highways and Gloucester’s coastal business district. ? My Closing Thoughts: • This property is more than just a real estate investment—it’s a high-revenue business with multiple income streams and massive growth potential. If you wanted to run and continue as a repair shop, you can maximize profitability from day one while planning for long-term value appreciation. • Whether you choose to continue operations as a high-performing auto repair center, expand into used car sales and storage, or add lucrative contractor bays, this property offers a rare combination of immediate cash flow and future upside. • Opportunities like this don’t last long. Let’s schedule a time to go over any remaining questions and outline the next steps to make this deal yours. • This is a real estate sale only with a bonus ask me about it. ?? To set up another meeting or to visit the property again please don’t hesitate to call I look forward to speaking to you regarding this matter. Frank Pasciuto & Associates ?? frank@pasciutoandassociates.com ?? 781-883-0707 All information, although believed to be accurate, is subject to errors and omissions, and should not be relied on, all info should be verified! Some of the above is my vision of how to maximize the property value and potential. Please accept it as just my opinion buyer must investigate all statements and due their own due diligence. "Old-School Grit. North Shore Know-How. Deals Done Right." Over 35 years of experience delivering integrity-driven results in commercial and residential real estate.