COMMERCIAL BUILDING / MIXED-USE RE-DEVELOPMENT OPPORTUNITY
25 Cabot Street, Beverly MA (Route 1A)
The Mega Group is pleased to make available for immediate acquisition this commercial / retail building with re-development potential into a mixed-use residential apartments or condominiums with water views and street-level commercial space. Location is near downtown Beverly overlooking Beverly Harbor and within walking distance to parks, shops, and restaurants. Utilities consist of one electric meter, one natural gas meter and feature a rooftop central HVAC system and hard-wired life safety devices. The subject property contains 0.128 acres of land or 5,593 +/- square feet mainly classified as Small Retail with a commercial building 1,613 +/- square feet in footprint and built about 1964, having Concrete Block exterior and Membrane roof cover and is zoned CC/CC2 (Central Business / Central Business Cabot) which lends itself to the likelihood of a mixed-use development opportunity. Parking for nine (9) in paved parking lot with a large curb cut.
25 Cabot Street, Beverly offers quick access to Beverly Depot and overlooks the waterfront and Beverly / Salem Bridge. Both Routes 1A and 22 meet at the junction and will take you to Route 128 Gloucester or Boston.
The CC2 subdistrict in Beverly represents all parcels within the CC District fronting on Cabot Street and parcels within the CC District extending from Cabot Street, from the northern boundary of the CC District just north of Elliott Street to the intersection with Rantoul Street (at 38 Cabot Street).
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