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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.

More Info

Basic Information

  • Mls StatusNew
  • Parcel Number M:0011 L:0249,4182137

Tax Information

  • Tax Year 2026
  • Taxes$24,981

Basic Information

  • List Price$2,100,000
  • MLS Number73566222
  • Modification Date08/20/2026

Location

  • Address238 Cabot Street
  • Building Number238
  • CountyEssex
  • StateMA
  • StreetCabot Street
  • TownBeverly
  • Zip01915

Building

  • Building Area Units Square Feet
  • Year Built1890

Property

  • Acreage0.12

Property Information

  • Living Area 11,278
  • Lot Size Square Feet 5,153
  • Lot Size Units Acres
  • Square Feet11,278

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningCC
  • Zoning Description Legal Non-Conforming

Other

  • Date Listed08/20/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by David Hark of The Drumlin Group Inc.

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