238 Cabot St
Beverly, MA 01915

$2,100,000

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Listing Details

$2,100,000
MLS# 73566222
Type Commercial - Office
Status Active

11,278
Square Feet
0.118 acres
Lot Size
1890
Year Built

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Listed By

Agency Name: The Drumlin Group Inc.
Agent Name: David Hark
Agency Phone: 978-741-3696

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

Home Value Estimate

Description

Iconic retail and office building located on a highly visible corner lot in 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.

Features

$24,981 Taxes
Built in 1890

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