152 Conant StBeverly, MA 01915

Property Details for 152 Conant St

Year built

1988

Construction

STEEL FRAME

Lot size

4.18 AC

Property size (Sq ft)

72,241 SF

Zone code

IR

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

BEVE M:0052 B:0083 L:

APU

BEVEM0052B0083L

Description

This exceptional Class A medical office building, located at 152 Conant Street in Beverly, Massachusetts, offers 10,669 square feet of immediately available space within a larger 75,000-square-foot complex. Built in 1988, the property boasts a highly desirable location with over 1,650 feet of frontage on Route 128, ensuring exceptional visibility and accessibility for patients and staff. The building enjoys a prime position, less than 30 minutes from both downtown Boston and Logan International Airport, providing convenient access for a wide range of clientele. The multiple tenancy structure offers a dynamic and collaborative environment. Ample parking is available, with a ratio of 4.3 spaces per 1,000 square feet. The property is situated in Essex County and benefits from proximity to major employers such as Axcelis, Abiomed, Electric Insurance, Millipore, and Osram Sylvania, as well as the convenient shopping and amenities of both the North Shore and Liberty Tree Malls. This is a rare opportunity to secure high-quality medical office space in a thriving location with excellent visibility and convenient access to major transportation routes and urban centers. The building's Class A designation reflects its superior construction, modern amenities, and overall high-quality standards. The available space presents a unique opportunity for expansion or relocation for medical practices seeking a prestigious and easily accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $14,810,058

  6.5%

  $13,670,823

  7%

  $12,694,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,630,464

  Geo Method

  $14,630,464

• Alternative Use

  Use

  Valuation

  Residential

  $13,670,823

  Hospitality

  $12,522,400

  Educational

  $10,418,490

  Medical

  $10,776,798

  Retail

  $16,206,540

Location Insight

City

Beverly

County

Essex

State

Massachusetts

Latitude

42.5727

Longitude

-70.9074

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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