Todd Finn - RE/MAX Partners

70 Herrick Street, Beverly, MA 01915



Type of Comm.
Lot Size
Great location and wonderful investment opportunity with this well-maintained commercial building across from Beverly Hospital. Excellent, established tenants are in place. One unit is currently vacant, and committed buyer is welcome to participate in filling this space or leaving it empty if that is their preference. Unit 1 on lower level has been recently updated as well as exterior cleanup and painting accomplished. The half-acre lot with plentiful parking is in a high traffic area for maximum visibility.
Open House
No scheduled Open Houses
Lot Size: 22,651.00
Acres: 0.52
List Price: $569,900
Type: Commercial
Type of Comm.: Commercial
Status: Contingent
Restrooms: 3
Stories: 3
Buildings: 1
Total Units: 5
Total Sq. Ft.: 3,699
Year Built: 1981
Approx. GLA: 3,699
MLS#: 72241732
Elevator: No
Acres: 0.52
Handicap Access: No
Lot Size: 22,651.00
Parking Spaces: 20
Parking Features: Open, Paved Driveway, On Site
Construction: Brick, Frame
Roof Material: Shingle
Site Condition: Dry, Slope, Improved
Sprinklers: No
Underground Tank: No
Location: Free Standing, Highway Access
Utilities: Public Water, Public Sewer
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $252,500
Condo Assoc.: No
Assessed Land Value: $231,200
Exchange: No
Gross Annual Expenses: $14,620
Gross Annual Income: $432,000
Taxes: $12,978
Tax Year: 2017
Net Operating Income: $28,580
Book/Page: 34991/53
Sublet: No
Total Assesed Value: $483,700
Zone Description: Legal Conforming
Office Sq. Ft.: 1,384
Office Units: 2
Retail Sq. Ft.: 2,315
Retail Units: 3
Disclosure Declaration: No
For Lease: No
Space Available: For Sale
The listing office is RE/MAX Partners and the listing agent is Catherine Hubbard. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 10/21/2017 3:05:00 PM.
Todd Finn
Todd Finn
RE/MAX Partners