Commercial Retail For Sale in Downtown Beverly, MA

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30319083
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 4,503 SF
Gross Land Area: 0.50 SF
Sale Price: $599,000
Unit Price: $133.02 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/10/2018

Overview / Comments

Pleased to Announce this Commercial Opportunity in Downtown Beverly. Now available … 260 Cabot Street located between the Lindsey Building and Soma's restaurant this building offers 4503 sf of retail space in the heart of Downtown Beverly. High visibility with daily traffic counts of 28,000 vehicles. With 2 levels of newly remodeled space to accommodate a dance studio, this building now features large rooms, open concepts and bright lighting. The building has two levels; the lower level is directly accessible from the Pond Street Public Parking Lot while the upper level is Street Front - directly accessible from Cabot Street. The building has two handicap accessible restrooms located on the first and lower levels. Zoned CC allows many uses by right or exception. Great opportunity to become part of Beverly's growing downtown with 3 theaters, feature restaurants, coffee shops and boutique retail.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $8,847 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: M:0011 B:303A L:0000
Zoning: CC
Property Located Between: The Lindsey Building and Soma's Restaurant
Property Visibility: Good
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1965
Year Renovated: 2017
Construction/Siding: Brick
Parking Type: Structure
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Engineered System
Lot Frontage: TBD
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,388 93,612 196,404
Median Age: 40.52 40.7 41.92
Households: 8,281 40,486 80,305

Contact

Photograph of Listing Agent

Ronald Fredette, CCIM

KW Commercial, NH NECPE Member
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