Free-Standing Downtown Retail
306 Cabot Street Beverly Beverly, MA 01915
306 Cabot Street Beverly, Beverly, MA, 01915
$1,250,000
For Sale
$1,250,000
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 Market152
Property Features for 306 Cabot Street Beverly
General Information
- Standard status
- Active
- Size
- 2,921 SF
- Lot size
- 0.27 Acres
Building Details
- Year Built
- 1900
Listing Agency
(508) 643-8166
Listed by
Amanda Lucido Hodges
(508) 643-8166
Source
Bournetosellrealestate
Added: Feb 19 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 2:14 am
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.
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
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.
