40 Sargent Street

Gloucester, MA 01930

About this home

Rare 9.54 Acres of General Industrial zoned commercial land currently improved with 2 old warehouse buildings (5112 SF and 3200+- SF) in need of extensive repair or teardown. Excellent location with direct easy access to Rt. 128 via Schoolhouse Road to property. Very close proximity to Blackburn Industrial Park, Gloucester Crossing Shopping Plaza, and site of new YMCA/retail/apartment complex! Property has been recently surveyed and 21E environmental report from 2001 is on file for Buyer review. Property consists of 5 separate contiguous parcels. Allowed uses include manufacturing, processing, research, storage or warehouse, self storage facility, office building, tradesman or contractor yard, stone mason yard, and fuel or ice establishments. Site is mostly level and cleared. City water, city sewer, natural gas and electric services are all available at site. Other uses may be allowed but would require zoning board or city council approval.

Listing last checked: November 8, 2026 at 3:36 AM ESTListing updated: August 21, 2026 at 5:12 PM EDT

Listed by Lane Team · North Shore's Gold Coast Realty · MLS #73062927

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Details at a glance

Interior1 property facts

Basement: Not reported

Building1 property facts

Style: Commercial

Land & utilities5 property facts

Lot size: 9.54 acres
Water: Public, On-Site
Sewer: Public Sewer, On-Site
Pool: Not reported
Zoning: GI

Financial2 property facts

Annual taxes: $10,089
Assessment year: 2022

Location

Estimated monthly cost

Explore costs at the $1,750,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$9,690 / monthAdjust

Down payment (%)Interest rate (%)Loan termMonthly property tax ($)Monthly insurance ($)Monthly HOA ($)

Principal & interest: $8,849
Property tax: $841
Insurance: Not entered
HOA: Not entered

Listing annual taxes: $10,089. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 40 Sargent Street

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Request a tour of 40 Sargent Street and a Bean Group agent will help coordinate an available time with the listing side.

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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Bean Group · eXp Realty

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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