234-238 Cabot St - Storefront Retail/Office FOR SALE


Beverly, MA 01915- Downtown Beverly
$2,100,000 USD
617-633-6719
234-238 Cabot St, Beverly, MA for Sale
$2,100,000 USD
Storefront Retail/Office - FOR SALE
1/3
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234-238 Cabot St
Beverly, MA 01915
Downtown Beverly


OVERVIEW

Iconic retail and office building located within Ellis Square within the Beverly central business district. Building is 95% occupied with 75% of tenants under lease through 2029. Second floor has nine individual offices. First floor and basement is leased to one long term tenant. Tenants pay their own electricity costs. Landlord pays the heating costs. Operating expenses are reimbursed by 75% of tenant occupancy. This building is walking distance from city hall, The Cabot Theatre and a multitude of shops and restaurants. Outstanding investment opportunity in a terrific location.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ellingwood Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

CROSS STREETS

Federal

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CC

APN/PARCEL ID

BEVE M:0005 B:0011 L:0315

ASK ABOUT THIS PROPERTY

David HarkDrumlin Group IncMore Info
617-633-6719

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David HarkDrumlin Group IncMore Info
617-633-6719

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.