Downtown Beverly Commercial
306 Cabot St, Beverly, MA 01915
Free-standing commercial building in downtown Beverly with flexible layout.
Type:Mixed Use, Office, Retail
Property size:
2,921 SFLot size:
0.27 AcresPrice / SF:
$427/SF- Added:
- Feb 26, 2026
- Days on Market:
- 130
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 306 Cabot St
General Information
- Standard status
- Active
- Size
- 2,921 SF
- Lot size
- 0.27 Acres
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1900
Listing office Herrick Lutts Commercial
Listing date Feb 26, 2026
Source Crexi
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 Herrick Lutts Commercial
HighLights
- Prime downtown Beverly location with high visibility and strong traffic
- Versatile Central Business (CC) zoning allows for retail, office, food service, or potential redevelopment to apartments
- Expansive on‑site parking for 20+ vehicles, plus on‑street parking
- 2,921 SF free‑standing commercial building on a 0.27‑acre lot
- Flexible interior layout with open storefront area, four private offices, two restrooms, and an eat‑in kitchen
- Proximity to restaurants, shops, and public transportation
Overview
Located in the heart of downtown Beverly, 306 Cabot Street is a 2,921 SF free-standing commercial building on a 0.27-acre lot. The property is zoned Central Business (CC), allowing 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. There is an expansive on-site parking area accommodating 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
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $81,417 @ 7.0% cap · market cap 6.51%
Second Best
Mixed Use
$845.0K
$739.4K – $985.8K
NOI $59,150 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,045 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Beverly
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8789422
- Latitude
- 42.5526217
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Free-standing commercial building in downtown Beverly with flexible layout.
Where is this mixed-use 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; Versatile Central Business (CC) zoning allows for retail, office, food service, or potential redevelopment to apartments; Expansive on‑site parking for 20+ vehicles, plus on‑street parking
