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Property summary
306 Cabot Street is a free-standing commercial building in downtown Beverly comprising 2,921 square feet on a 0.27-acre lot. The property is zoned Central Business (CC), which allows for a range of uses including retail, office, food service, and potential redevelopment to residential apartments. The interior is configured for flexible use with a large open storefront area, four private offices, two restrooms, an eat-in kitchen, and ample storage. The site includes an expansive on-site parking area for more than 20 vehicles, along with additional public on-street parking. The building has previously been configured as office space and is positioned for access to nearby restaurants, shops, and public transportation.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
In CC District, 55 feet when "RHD" is the abutting residential district. In CC2 subdistrict, 45 feet with no more than four stories. In both CC and CC2, 35 feet when "RMD" or "R-6" is the abutting residential district. P…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Beverly market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CC · Beverly, MAIn CC District, 55 feet when "RHD" is the abutting residential district. In CC2 subdistrict, 45 feet with no more than four stories. In both CC and CC2, 35 feet when "RMD" or "R-6" is the abutting residential district. P…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
In CC District, 55 feet when "RHD" is the abutting residential district. In CC2 subdistrict, 45 feet with no more than four stories. In both CC and CC2, 35 feet when "RMD" or "R-6" is the abutting residential district. P…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Beverly, MA.
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