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.
- Added:
- Jun 3, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 5 at 1:48 am
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 agent Amanda Lucido Hodges (508) 643-8166
Listing office (508) 643-8166
Listing date Jun 3, 2026
Source Bournetosellrealestate
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
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.
- On‑site parking area accommodates 20+ vehicles, plus additional on‑street public parking.
- Flexible commercial configuration suitable for owner‑users or investors (for sale and for lease).
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Beverly
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8789422
- Latitude
- 42.5526217
