Description
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 income 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.
Details
| MLS # | 73556786 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1900 |
| Days On Site | 55 |
| Listing Provided By | Century 21 North East | Brian Averback |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,801 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | CC |
| Acreage | 0.20 |
Interior
| Rooms Total | 9 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air, Window Unit(s) |
| Heating Yes / No | Yes |
| Heating | Forced Air, Oil, Natural Gas |
| Interior Features | Laundry Room, Ceiling Fan(s), Pantry, Living Room, Kitchen |
| Appliances | Washer, Range, Dishwasher, Refrigerator, Freezer |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Wood, Tile, Carpet, Varies, Laminate |
Exterior
| Exterior Features | Garden |
|---|---|
| Construction Materials | Brick, Stone |
| Foundation Details | Stone, Brick/Mortar |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Paved Drive, Off Street |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | 110 Volts |
Taxes
| Tax Annual Amount | 7007 |
|---|---|
| Tax Assessed Value | 637600 |
| Tax Year | 2025 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Beverly |
| Zip Code | 01915 |
| Area | Essex |
| Listing VS Median (in 01915) | |
Price: $819,999 low | high Med: $675,000 sqft: 1,801 low | high Med: 1,407 $ / sqft: $455 low | high Med: $488 On site: 55 low | high Med: 6.5 | |
Market Activity 01915
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Beverly |
| Zip Code | 01915 |
| Area | Essex |
| Listing VS Median (in 01915) | |
Price: $819,999 low | high Med: $675,000 sqft: 1,801 low | high Med: 1,407 $ / sqft: $455 low | high Med: $488 On site: 55 low | high Med: 6.5 | |
