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Downtown Beverly Commercial Building

306 Cabot St, Beverly, MA 01915

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For Sale

$1,250,000

Free-standing commercial building in downtown Beverly with redevelopment potential.

Type:Commercial

Property size:

2,921 SF

Lot size:

0.27 Acres

Price / SF:

$427/SF

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Contact an agent

Nicholas Zolotas

HighLights

Prime downtown Beverly location with high visibility and strong traffic.
Expansive on‑site parking for 20+ vehicles.
Flexible 2,921 SF building suitable for retail, office, food service, or redevelopment.
Central Business (CC) zoning allows for a wide variety of uses.
Spacious open storefront area, four private offices, eat‑in kitchen, and abundant storage.
Proximity to restaurants, shops, and public transportation.

Learn more

For Sale

$1,250,000

Free-standing commercial building in downtown Beverly with redevelopment potential.

Type:Commercial

Property size:

2,921 SF

Lot size:

0.27 Acres

Price / SF:

$427/SF

Added:: Apr 24, 2026
Days on Market:: 74
Last Refresh:: Apr 24 at 7:57 pm

Property Features for 306 Cabot St

General Information

Standard status: Active
Size: 2,921 SF
Lot size: 0.27 Acres
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Contact an agent

Nicholas Zolotas

Listing office

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Richard Vincent

HighLights

Prime downtown Beverly location with high visibility and strong traffic.
Expansive on‑site parking for 20+ vehicles.
Flexible 2,921 SF building suitable for retail, office, food service, or redevelopment.
Central Business (CC) zoning allows for a wide variety of uses.
Spacious open storefront area, four private offices, eat‑in kitchen, and abundant storage.
Proximity to restaurants, shops, and public transportation.

Overview

Located in the heart of downtown Beverly, the property at 306 Cabot Street offers a 2,921 square-foot free-standing commercial building on a 0.27-acre lot. Zoned Central Business (CC), the property allows for a wide variety of potential uses including retail, office, food service, and potential redevelopment to apartments. The interior features a flexible layout with a spacious open storefront area, four private offices, two restrooms, an eat-in kitchen, and abundant storage. The property benefits from exceptional visibility, strong foot and vehicle traffic, and proximity to restaurants, shops, and public transportation. A standout feature is the expansive on-site parking area accommodating over 20 vehicles, complemented by additional on-street public parking. Formerly configured as office space, this property is ideal for investors or owner-users seeking a prominent downtown location with versatility and convenience.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$133.2k	$45.60
− Vacancy	−$24.6k	−$8.44
EGI	$108.6k	$37.16
− OpEx	−$27.1k	−$9.29
NOI	$81.4k	$27.87

2,921 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,417 @ 7.0% cap · market cap 6.51%

Second Best

Retail

$685.6K

$599.9K – $799.9K (±1% cap)

NOI $47,993 @ 7.0% cap · market cap 3.84%

Theoretical Best

Office A

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $121,045 @ 7.0% cap · market cap 9.68%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places Nearby

Stop & Shop Florist — 224 Elliott St, Beverly, MA 01915
Anything Balloons & Flowers — 140 elliott st, beverly, ma 01915
Karla Cassidy Designs — 214 Rantoul St, Beverly, MA 01915

Location Insight

Map
Local Demand

City: Beverly
County: Essex
State: Massachusetts
Longitude: -70.8789422
Latitude: 42.5526217

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For sale
Storefront properties
MA
Beverly
01915
306 Cabot St

What type of property is this?

Storefront property - Free-standing commercial building in downtown Beverly with redevelopment potential.

Where is this storefront property located?

The property is located at 306 Cabot St Beverly, MA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Prime downtown Beverly location with high visibility and strong traffic.; Expansive on‑site parking for 20+ vehicles.; Flexible 2,921 SF building suitable for retail, office, food service, or redevelopment.