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3 Oak St 0.91 Acres of Commercial Land Offered at $4,245,300 CAD in Beverly, MA 01915
Investment Highlights
- Rare .91 acre development site adjacent to Beverly Farms MBTA Station
- CN Zoning
- Strong housing demand
- Ample on-site parking
- Direct Commuter Rail Access
- Walkable to Restaurants and Retail
Executive Summary
The property offers ample on-site parking in Beverly Farms village center. CN zoning supports a range of potential redevelopment uses subject to municipal approval, including mixed-use, multifamily, condominium, boutique hospitality, retail, medical/professional office, and adaptive reuse.
Located roughly 20 miles from Downtown Boston with direct commuter rail access, the site is walkable to village restaurants and retail.
Property offered subject to easements, restrictions, covenants, and agreements of record, including certain historic railroad-related rights and obligations that may affect portions of the site, including parking areas. Buyer to independently verify all information and conduct its own due diligence.
Asking Price: $3,000,000
Property Facts
| Price | $4,245,300 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.91 AC |
| No. Lots | 1 | ||
| Zoning | CN | ||
| Price | $4,245,300 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.91 AC |
| Zoning | CN |
1 Lot Available
Lot
| Price | $4,245,300 CAD | Lot Size | 0.91 AC |
| Price Per AC | $4,665,164.76 CAD |
| Price | $4,245,300 CAD |
| Price Per AC | $4,665,164.76 CAD |
| Lot Size | 0.91 AC |
Rare .91 acre CN zoned development site adjacent to Beverly Farms MBTA Station. 1,907 SF building, ample on-site parking (rare in village center). Ideal for mixed-use, multi-family, retail or adaptive reuse. 20 mi to Boston. $3,000,000.
Description
3 Oak Street is a ±0.91-acre (±39,701 SF) redevelopment site in the village center of Beverly Farms, positioned directly adjacent to the Beverly Farms MBTA Commuter Rail Station on the Newburyport/Rockport Line. The site is improved with building totaling ± 1907 SF, built circa 1930. The property is zoned CN (Neighborhood Commercial), a district established to allow limited-scale commercial development intended primarily to serve the surrounding residential neighborhood. Potential redevelopment uses — including mixed-use, multifamily, condominium, boutique hospitality, retail, medical/professional office, and adaptive reuse — are subject to municipal approvals, which may include Planning Board site plan review, Board of Appeals special permit, and/or Design Review Board review depending on the scope of the proposal. A key feature of the site is its on-site parking — a rare offering in the Beverly Farms village center. The property is walkable to village restaurants and retail, roughly 20 miles from Downtown Boston, with direct commuter rail access to the city. Property offered subject to easements, restrictions, covenants, and agreements of record, including certain historic railroad-related rights and obligations that may affect portions of the site, including parking areas. Buyer to independently verify all information and conduct its own due diligence.
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3 Oak St
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