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$ 2,100,000
Est. payment | /mo
11,278 SqFt
$ 2,100,000
Est. payment | /mo
11,278 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,278 sqft
Price per Sqft $186
MLS Listing ID 73566222
HOA Y/N false
Year Built 1890
Annual Tax Amount $24,981
Tax Year 2026
Lot Size 5,227 Sqft
Acres 0.12
Property 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.
Location
State MA
County Essex
Zoning CC
Direction Cabot Street at the corner of Federal Street.
Others
Senior Community false
Listed by The Drumlin Group Inc.