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354 Main Street

Surmount And Marcus & Millichap Sell Speedway Gas Station In Gloucester For $4.46M
SOLDRetail

Surmount And Marcus & Millichap Sell Speedway Gas Station In Gloucester For $4.46M

354 Main Street

$4,464,286

$6,377/SF

Building Size

700 SF

Asset Type

Retail

Closing

Jan 19, 2026

AI

A retail asset located at 354 Main Street in Gloucester, MA, was sold for a price of $4,464,286. The property encompasses approximately 700 square feet, resulting in a price per square foot of $6,377.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,464,286
  • Address: 354 Main Street
  • Market: Gloucester, MA
  • Square Footage: 700
  • Price Per Square Foot: $6,377

The Speedway gas station was sold through the collaboration of Surmount, representing the seller, along with their broker of record Bang Realty-New England, Inc., and Marcus & Millichap, where Peter Deltondo represented the buyer. Brokers involved include Peter Deltondo from Marcus & Millichap and Josh Kanter, Anthony D'Ambrosia, and Glen Kunofsky from Surmount.

Players

Glen Kunofsky

Surmount

Broker

$768.6M

vol

106 deals

Broker

Gloucester Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.55%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93