492 CabotBeverly, MA 01915MLS Number 72784458

  • Price: $638,500
  • 26 Days on Market
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Federal 30-year interest rate: 3.02% last updated on Mar 4, 2021
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  • 0.16Acreage
  • 1920Year Built
  • 2,950Square Feet

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Great opportunity to own this legal 3 unit mixed use building located on a corner lot with high visibility and convenient location to highway, schools, commuter rail, parks and all that Beverly has to offer. This building consists of 2 commercial units on the first floor and one residential unit on the second floor. Building is zoned commercial per the Beverly Building guidelines. There is 2950 sf of living space with the majority on the first floor. The 2 units could be converted to residential units as there is a flexible floor plan with multiple exits and entrance points. Each unit has a separate heating system + separate electrical system. Each unit has an area in the basement for storage. Approximately 9 car parking off street along with a partially fenced area. Owner currently occupies one of the 1st floor units and will need to remain in the building until July 1, 2021 at $1400 per month. 2nd floor willing to increase rent to $1500.1st floor and basement can be shown any time
Listed by Mary Cotraro, Michael Cotraro and Team Cotraro - Mike & Mary of Lux Realty North Shore

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More Info

Parking

  • Parking Spaces9
  • Parking Feature1-10 Spaces, Improved Driveway, Paved Driveway
  • Total Parking Spaces9

Building

  • Year Built1920
  • ConstructionFrame
  • Total Units3
  • Total Bldg Sf2950
  • Rsu Units1
  • Reu Units1
  • No Buildings1
  • No Stories2
  • Entry OnlyNo
  • Assessed Value Bldg288300

Other

  • Modification Date2021-02-22T03:05:00
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • DisclosuresPlease follow CDC guidelines as they pertain to COVID-19 protocol. Seller to remain at the property to run a business until July 1, 2021. Seller will sign a lease until July 1, 2021 at 1400 per month. Tenants at will on the second floor. Tenants willing t
  • Book27249
  • Listing AgreementER w/Var.Rate Comm.
  • Off Bldg Sf1225
  • Rsf Bldg Sf825
  • Ref Bldg Sf900
  • ExchangeNo
  • Firm Rmk11st floor and basement can be shown any day. 2nd floor will need a specific appointment. Seller to rent the 1st floor unit from the new owner at 1400 per month until July 1, 2021. 2nd floor tenants are willing to increase rent to 1500 per month for an agr
  • Page118
  • View Count1

Basic Information

  • MLS Number72784458
  • Prop TypeCI
  • Status Date2021-02-18T15:06:00
  • Date Listed02/10/2021
  • List Price$638,500
  • Price Per Square Foot$216
  • LeaseNo
  • DirectionMcKay to Cabot or Herrick to Cabot
  • MLS StatusActive

Exterior

  • Roof MaterialShingle

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas

Location

  • StreetCabot
  • TownBeverly
  • StateMA
  • Zip01915
  • CountyEssex
  • LocationFree Standing, Highway Access, Corner Lot

Property

  • Acreage0.16
  • Space AvailableFor Sale
  • Site ConditionLevel
  • Square Feet2,950
  • SubletNo
  • Lot Size6780
  • Assessed Value Land386900
  • Main LoAN1532

Photos

  • Photo Date2021-02-10T14:58:00
  • Number of Photos19
CENTURY 21  Advance Realty
CENTURY 21 Advance Realty
Office: 781-395-2121
284 Salem Street
Medford, MA 02155

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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