$849,999
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7 W Dane St Beverly, MA 01915
Other
Residence
4
Beds
2
Baths
...
Bed/Bath
1,801
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
RARE BEVERLY INVESTMENT & DEVELOPMENT OPPORTUNITY! 7-R West Dane Street is not your typical two-family. Set on an unusually large approximately 8,625 sq. ft. (0.20-acre) lot in Beverly’s desirable CC (Central Business) zoning district, this property offers an exceptional combination of immediate inc...ome potential, owner-occupant possibilities and exciting future development potential. The existing two-family provides flexibility from day one: the first-floor unit is vacant and ready for renovation or occupancy, while the second-floor unit is currently occupied by a month-to-month tenant. The property needs updating, giving its next owner the opportunity to renovate, reposition and unlock additional value. What truly sets this property apart is the LAND and ZONING. The CC district is designed to support Beverly’s central commercial core and allows a variety of residential, commercial and mixed-use possibilities, subject to applicable requirements and approvals. Investors and developers should take a serious look at what may be possible with a lot of this size in this location. Additional features include a large basement, two-car garage, expansive driveway providing valuable off-street parking, spacious backyard, water fountain and even a chicken coop. Whether you're looking for a two-family to renovate and hold, an owner-occupied property with rental income, or your next development project, opportunities combining this much land, existing improvements and flexible CC zoning are hard to find in Beverly. Property sold as-is. Buyer and buyer’s agent to perform all due diligence regarding zoning, development potential, permitted uses, measurements and property information. If you know a developer or investor – forward this to them. Very rare opportunity.
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MLS#
73556786
Property Type
Other
Bedrooms
4
Bathrooms
2 Full
Year Built
1900
Square Feet
1,801
sq. ft
Price per Sq. Ft.
$471.96
Lot Size
0.2
Sewer
Public Sewer
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