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238 Cabot StBeverly, MA 01915

Essex County

$2,100,000List price
11,278Sq Ft
1890Year built
0.12Acre lot
10 weeks agoOn market

Description

Iconic retail and office building located on a highly visible corner lot in Ellis Square within the Beverly central business district. Building is 95% occupied with 75% of tenants under lease through 2029. Second floor has nine individual offices. First floor and basement is leased to one long term tenant. Tenants pay their own electricity costs. Landlord pays the heating costs. Operating expenses are reimbursed by 75% of tenant occupancy. This building is walking distance from city hall, The Cabot Theatre and a multitude of shops and restaurants. Outstanding investment opportunity in a terrific location.

Property Information

Property type
Commercial Sale
Year built
1890
Living area
11,278 Sq Ft
Lot size
0.12 acres
Zoning
CC
Days on market
76
MLS® Listing#
73566222

Property Features

Financial Details

HOA
None
Annual taxes
$24,981Tax year 2026
Parcel number
M:0011 L:0249,4182137

Directions

Cabot Street at the corner of Federal Street.

Listing Courtesy: The Drumlin Group Inc. - 9787413696

Presented by: David Hark

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