25 Cabot StBeverly, MA 01915

Property Details for 25 Cabot St

Year built

1964

Construction

CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

1,613 SF

Zone code

CC

Property type

Retail properties

Property subtype

Retail space

APN

BEVE M:0002 B:0001 L:

APU

BEVEM0002B0001L

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $392,015

  6.5%

  $361,860

  7%

  $336,013

• Comparable approach

  Method

  Valuation

  Relative Method

  $531,102

  Geo Method

  $531,102

• Alternative Use

  Use

  Valuation

  Residential

  $305,243

  Hospitality

  $279,601

  Educational

  $232,624

  Medical

  $240,625

  Retail

  $361,860

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

Property Tax & Assessments

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