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Ellingwood Building 234-238 Cabot St 11,278 SF 100% Leased Retail Building Beverly, MA 01915 $2,899,827 CAD ($257.12 CAD/SF)
Executive Summary
Iconic retail and office building located within 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,278 SF
Building Class
C
Year Built
1890
Price
$2,899,827 CAD
Price Per SF
$257.12 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.16
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
CC
Parking
14 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Controlled Access
- Security System
- Signage
- Wheelchair Accessible
- Central Heating
- Monument Signage
- Air Conditioning
- Smoke Detector
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | BEVE M:0005 B:0011 L:0315 | Improvements Assessment | $1,023,639 CAD |
| Land Assessment | $509,955 CAD | Total Assessment | $1,533,594 CAD |
Property Taxes
Parcel Number
BEVE M:0005 B:0011 L:0315
Land Assessment
$509,955 CAD
Improvements Assessment
$1,023,639 CAD
Total Assessment
$1,533,594 CAD
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Ellingwood Building | 234-238 Cabot St
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