facebook
Traded Co logo
Submit
Daily limit: 0/10

Lanse L. Robb Of Landvest Sells 1.19-Acre Land In Gloucester, MA For $2.75M

Property Image
SOLD
$2,750,000

Massachusetts

See Similar Deals
Land
Sold 06/29/2023
the dealplayerscompscontact
Property Image
SOLD

Lanse L. Robb Of Landvest Sells 1.19-Acre Land In Gloucester, MA For $2.75M

53 Folly Point Rd #1 Gloucester, Ma 01930, Usa

See Similar Deals
Land
Sold 06/29/2023
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale

On June 29, 2023, a 1.19-acre land located at 53 Folly Point Road Lot 1 in Gloucester, MA, was sold for $2,750,000. The sale was handled by broker Lanse L. Robb of Landvest. The property is a vacant land consisting of 1.19 acres. It is situated in Gloucester, MA and offers potential for development or investment opportunities.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $2,750,000
  • Address: 53 Folly Point Road Lot 1, Gloucester, MA
  • Market: Gloucester, MA
  • Broker: Lanse L. Robb - Landvest

Lanse L. Robb from Landvest, a well-known brokerage firm, represented the seller and facilitated the sale of the 1.19-acre land on June 29, 2023. Robb's expertise in land transactions in Gloucester, MA ensured a smooth and successful deal for both the buyer and seller. The sale price of $2,750,000 reflects the value of the property and highlights the potential it holds for future development or investment.

Players

LR
Landvest
Lanse L. Robb
2 deals$7.5M volume
BROKER

Details

SOLD
IMAGE: Lanse L. Robb DATE: 06/29/2023 ADDRESS: 53 Folly Point Road Lot 1 MARKET: Gloucester, MA ASSET TYPE: Land ~ ACRES: 1.19 BROKER: Lanse L. Robb - Landvest (@LandvestRealEstate) SALE PRICE: $2,750,000 NOTE: On June 29, 2023, a 1.19-acre land located at 53 Folly Point Road Lot 1 in Gloucester, MA, was sold for $2,750,000. The sale was handled by broker Lanse L. Robb of Landvest.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$146,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84