SalemNews.com, Salem, MA

April 5, 2013

Calling all small businesses

Lillian Shapiro
Director of Real Estate Advertising

BEVERLY — In a small corner lot in a Beverly neighborhood zoned both commercial and residential lies a piece of Americana, a glimpse into what “once was,” when gas prices were reasonable and housing prices were within grasp. What was formerly a full-service gas station is now a fabulous prospect for anyone in search of a versatile property. Be it a small business or a private residence, this is a spot with loads of potential.

Listed for $143,900, this two-story structure offers parking for 6-plus, a highly visible location and the chance for someone to get into a house at ground level. 

“This would make a really cute storefront, a professional office space, an apartment rental or a small single-family,” says Realtor Sarah MacBurnie of Keller Williams Realty. “Although the property is priced to be in keeping with that of a commercial condo or store, you also own the land. This is an excellent opportunity.”

Graced with a fluid layout, the 600-square-foot building features a wide-open room along with a kitchenette on the first level. Upstairs, find a spacious room with full bath. For additional storage space, there is a full basement.

“If this were to be used by a contractor or service professional, let’s say, it would work perfectly with reception space downstairs and office space on the second floor. People could get very creative,” MacBurnie says. “With just a little elbow grease and some personal touches, this could also be a great little house for short money.”

Adding to the charm and character of this property is one last indication of its former life. Standing tall and proud, though somewhat withered, is the original gas sign with a posted price of $2.15 per gallon. Though subject to city approval, as the Realtor points out, this sign is grandfathered, giving any business that may take root here incredible noticeability.

Other notable features here include vinyl siding, a newer gas boiler for heat and stove, central air, a good-sized electrical service, and city water and sewer. Juliet balconies from both levels overlook an ample lot that could be easily fenced.

Located on the edge of Bridge Street and County Way, MacBurnie believes this to be the ideal spot for a first-time homebuyer or just about any type of consumer service business.

“This is such a flexible piece of property. Whether someone buys it for a business and later converts it to a single-family home or vice versa, this would be a very wise investment,” she says. “Everyone in this neighborhood is excited for someone to come in and revive this corner.”

This listing is shown by appointment only. For more information or to schedule a viewing, call Sarah MacBurnie at 978-337-9955.