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Christian Iantosca

christian@arborviewcompanies.com +1(617) 543-0501

$849,999

Est. payment - /mo

4 Beds

2 Baths

1,801 SqFt

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Open House

Sat Aug 08, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 Family - 2 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 1,801 sqft

Price per Sqft $471

MLS Listing ID 73556786

Bedrooms 4

Full Baths 2

Year Built 1900

Annual Tax Amount $7,007

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type 2 Family - 2 Units Up/Down

Property 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.OPEN HOUSE 8/8 WILL BE ONLY SHOWING!! We are expecting a lot of offers. Offers due 5PM - 8/10. If you know a developer or investor – forward this to them. Very rare opportunity.

Location

State MA

County Essex

Zoning CC

Direction Next door to Kid Dream Coffee. Turn right after The Indo Irish Pub.

Rooms

Basement Full, Walk-Out Access, Bulkhead, Concrete

Interior

Interior Features Laundry Room, Ceiling Fan(s), Pantry, Living Room, Kitchen

Heating Forced Air, Oil, Natural Gas

Cooling Central Air, Window Unit(s)

Flooring Wood, Tile, Carpet, Varies, Laminate

Appliance Washer, Range, Dishwasher, Refrigerator, Freezer

Exterior

Exterior Feature Garden

Garage Spaces 2.0

Total Parking Spaces 8

Garage Yes

Building

Story 2

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Century 21 North East

NEARBY SCHOOL & BUSINESS

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Christian Iantosca

+1(617) 543-0501

Principal Broker & Founder | License ID: 9086154

Principal Broker & Founder License ID: 9086154

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7-R W Dane St Beverly, MA 01915

Christian Iantosca

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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7-R W Dane St