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3 Oak St 1,907 SF Retail Building Beverly, MA 01915 $3,000,000 ($1,573.15/SF)
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
3 Oak Street is a ±0.91-acre (±39,701 SF) redevelopment site in Beverly Farms, zoned CN (Neighborhood Commercial), positioned directly adjacent to the Beverly Farms MBTA Commuter Rail Station. The site includes a building totaling ± 1907 SF, built circa 1930 per assessor records. 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,907 SF
Building Class
B
Year Built
1968
Price
$3,000,000
Price Per SF
$1,573.15
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.91 AC
Zoning
CN - Neighborhood Commercial
Parking
10 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
127’ on Oak St
Somewhat walkable
30/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | BEVE M:0037 B:0020 L:0011 | Improvements Assessment | $307,100 |
| Land Assessment | $519,700 | Total Assessment | $826,800 |
Property Taxes
Parcel Number
BEVE M:0037 B:0020 L:0011
Land Assessment
$519,700
Improvements Assessment
$307,100
Total Assessment
$826,800
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