This 1,613 sq ft retail building at 25 Cabot St, Beverly, MA 01915, presents a unique redevelopment opportunity. Built in 1964, this single-story, concrete block structure with a membrane roof sits on a 0.128-acre lot (5,593 sq ft) and offers nine paved parking spaces. Currently zoned CC/CC2 (Central Business), it allows for mixed-use development, potentially including residential apartments or condominiums, capitalizing on its waterfront views and proximity to downtown Beverly, parks, shops, and restaurants. The property features a central HVAC system, hard-wired life safety devices, one electric meter, and one natural gas meter. Its convenient location near Beverly Depot and the intersection of Routes 1A and 22 provides easy access to Route 128 and both Gloucester and Boston. The asking price is $675,000. This property is ideal for investors seeking a mixed-use project with significant upside potential in a thriving waterfront community.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$305,128
6.5%
$281,657
7%
$261,538
Comparable approach
Method
Valuation
Relative Method
$219,185
Geo Method
$219,185
Alternative Use
Use
Valuation
Industrial / Distribution
$549,258
Mixed-Use / Specialty
$280,653
Hospitality / Lodging
$205,906
Office
$278,985
Institutional / Educational
$291,766
Residential Income
$341,366
Multifamily
$409,416
Automotive / Energy
$250,085
Parking / Income-Based Land
$86,301.20
Restaurant / Food Service
$145,970
Healthcare / Senior Housing
$287,804
Location Insight
City
Beverly
County
Essex
State
Massachusetts
Latitude
42.5417
Longitude
-70.8848
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Cabot St Beverly, MA 01915
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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