385 Cabot Street In Beverly Sold For $290,000 To 385 Cabot Street LLC

385 Cabot Street in Beverly, Massachusetts has been sold for $290,000. The stand-alone retail building measures approximately 666 square feet, resulting in a price per square foot of $435.44. The property is located at a four-way signalized intersection, making it an attractive retail location.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $290,000
• Address: 385 Cabot St, Beverly, MA
• Market: Beverly, MA
• Square Footage: 666 SF

The buyer of 385 Cabot Street is 385 Cabot Street LLC, while the seller is Pamela Landess. The deal was facilitated by Brian DApice and Jennifer DApice from The Mega Group. Jennifer DApice represented the buyers, while Brian DApice represented the seller. The marketing period for the transaction lasted 134 days.

It is worth noting that 385 Cabot Street has a long history as Carroll's Florist, dating back to the 1940s. However, it will soon undergo a transformation as it becomes the new location for DeCarney Roofing, a family-owned and operated roofing contractor. This move will see Carroll's Florist transition to a studio setting without a retail component.

The Mega Group, a full-service commercial real estate firm based in Danvers, Massachusetts, represented all parties involved in the transaction. Their coverage area includes Greater Metropolitan Boston, coastal New Hampshire, and southern Maine.