Free-Standing Downtown Retail
For Sale
$1,250,000
306 Cabot Street Beverly, Beverly, MA 01915
Flexible former office storefront with multiple offices, restrooms, and parking for 20+ vehicles on centrally zoned downtown land.
Property Size2,921 SF
Lot Size0.27 Acres
Price / SF$427.94
Days on Market161
Property Features for 306 Cabot Street Beverly
General Information
Standard status
Active
Size
2,921 SF
Total Parking Spaces
20
Lot size
0.27 Acres
Zoning
CC
Additional Details
Office Units
4
Building Details
Year Built
1900
Listing Agency:
(508) 643-8166
Listed By:
Amanda Lucido Hodges
(508) 643-8166
Source:
Bournetosellrealestate
Added: Feb 19
Changed: Jul 10
Last Checked: Jul 30 at 2:26AM
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 Amanda Lucido Hodges
Investment Insights
Based on property information with market context.
This free-standing commercial building at 306 Cabot Street totals 2,921 SF and was formerly configured for office use. The interior includes a spacious open storefront area, four private offices, two restrooms, an eat-in kitchen, and abundant storage. The layout supports a variety of commercial setups while retaining dedicated private space alongside an open customer-facing area.
The property sits on a 0.27-acre lot in the heart of downtown Beverly with Central Business (CC) zoning. Public remarks indicate strong foot and vehicle traffic and proximity to restaurants, shops, and public transportation, supported by exceptional visibility. A standout site feature is an expansive on-site parking area accommodating 20+ vehicles, along with additional on-street public parking.
With CC zoning, the building is positioned for potential retail, office, and food service uses, and it is also described as having potential for redevelopment to apartments. For an owner-user, the combination of flexible interior layout and substantial parking may support day-to-day operations in a downtown setting. For investors, the property offers a straightforward structure with multiple rooms and customer-facing presence, along with zoning flexibility that can accommodate evolving tenant or use needs.
The property sits on a 0.27-acre lot in the heart of downtown Beverly with Central Business (CC) zoning. Public remarks indicate strong foot and vehicle traffic and proximity to restaurants, shops, and public transportation, supported by exceptional visibility. A standout site feature is an expansive on-site parking area accommodating 20+ vehicles, along with additional on-street public parking.
With CC zoning, the building is positioned for potential retail, office, and food service uses, and it is also described as having potential for redevelopment to apartments. For an owner-user, the combination of flexible interior layout and substantial parking may support day-to-day operations in a downtown setting. For investors, the property offers a straightforward structure with multiple rooms and customer-facing presence, along with zoning flexibility that can accommodate evolving tenant or use needs.
Key Highlights
- 2,921 SF free‑standing commercial building on a 0.27‑acre lot at 306 Cabot Street (downtown Beverly).
- Central Business (CC) zoning allows a wide variety of uses, including retail, office, and food service, plus potential redevelopment to apartments.
- Former office layout with open storefront area, four private offices, two restrooms, eat‑in kitchen, and abundant storage.
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
Retail
$685.6K
$599.9K – $799.9K
NOI $47,993 @ 7.0% cap · market cap 3.84%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
2,527
Businesses Nearby
Explore this area
Business Placement
Demographics for 01915, MA
42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,982
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible former office storefront with multiple offices, restrooms, and parking for 20+ vehicles on centrally zoned downtown land.
Where is this office building located?
The property is located at 306 Cabot Street Beverly 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: 2,921 SF free‑standing commercial building on a 0.27‑acre lot at 306 Cabot Street (downtown Beverly).; Central Business (CC) zoning allows a wide variety of uses, including retail, office, and food service, plus potential redevelopment to apartments.; Former office layout with open storefront area, four private offices, two restrooms, eat‑in kitchen, and abundant storage.
