371 Cabot St, Beverly, MA 01915-3357

This 3,709 square foot medical office building in Beverly, MA, is offered at $800,000 ($215.69/sq ft). Situated on a 7,974 square foot corner lot zoned Neighborhood Commercial (CN), it presents a compelling mixed-use development opportunity. The property includes ten parking spaces, with eight in the rear and a two-car garage, accessed via a large curb cut. Currently configured as commercial space, the building offers redevelopment potential for residential apartments and street-level retail. Conveniently located near downtown Beverly at the base of Prospect Hill, it's within walking distance of parks, shops, restaurants, and The Cabot Theater. Excellent access to Montserrat rail and Route 128 is also a key advantage. The building features two central HVAC systems, one forced hot water boiler, four electric meters, and one natural gas meter. This property offers a unique blend of existing functionality and significant future development potential in a highly desirable location.