JJManning Auctioneers is to offer a prime retail/office condo located at 495 Cabot St. (Rt. 1A), Unit C4 – Building 1, Beverly, MA in the “Cabot Crossing Condominium” complex. The complex includes (2) 3-story wood frame on slab retail/office buildings built in 2004 on 1.5+/- acres with ample paved parking. Building 1 has 6 units, 2 per floor. Tenants include a bank with drive-thru, optometrist, dentist, financial consultant and more.
Unit C4 was previously used as a spa/beauty salon with a reception area and 2 central rooms emcircled by smaller private rooms, many with sinks. The unit is 1,858+/-sf and has 18.57% interest in Building 1 common areas.
This property is in a highly visible area near coffee shop, gas stations, colleges, restaurants and more. It’s 20+/- miles from Boston with easy access to Rt. 128 and the Commuter Rail.
The terms of sale include a 10% certified deposit of which $10,000 in cash, certified or bank check is due at this Mortgagee’s Foreclosure Auction and remainder due within 5 business days. The balance is due within 30 days. Other terms, if any, will be announced at the sale.
Real Estate Auction: Monday, August 15, 2011 at 11:00am on-site
