Leasing Or Buying Retail Sites in Beverly: A Great Idea!

Today, the growing City of Beverly in Essex County appeals to retailers seeking a coastal location with convenient access to the Greater Boston Area. With a permanent population of over 40,000, this historic enclave on the northern outskirts of Salem stands in a scenic part of Massachusetts. It has cultivated a thriving business community.

Click Here to Search

Retail Space

Retailers in niche businesses which depend upon access to maritime activities appreciate this location. Whether your company sells yachts, distributes fresh seafood, or arranges for Atlantic Ocean coastal cruises, you may discover advantages in situating your business here. The town offers ready access to several communities along the Massachusetts coastline, including Gloucester, Manchester, Salem, and Marblehead. The ability to attract some customers from northern Boston suburbs easily contributes to the appeal of this municipality as a retail site.

Some Neighborhoods Here

The city has engaged in extensive business planning as its administration prepares to accommodate future growth. Numerous retail locations lie scattered within the Town Center Neighborhood, and the historic waterfront district in the oldest sections of town. Newer commercial sites also occur in pockets within commercially zoned blocks within the western Montserrat and Endicott College neighborhoods, and the Beverly Farms subdivision. Both the North Beverly Neighborhood adjoining Road 128 and the Road 1A interchange offer potential retail locations, also.

Planners have included public transit system hubs near many commercial centers. It remains a wise idea to check the current zoning specifically when evaluating available properties here, since residential and commercial sites sometimes adjoin one another. The town offers a selection of existing commercial buildings and refurbished residential sites approved for business use, as well as commercially zoned tracts. Some restrictions apply when making improvements to historic buildings in the waterfront area; conducting research in advance about specific available properties in light of a proposed retail activity may prevent disappointment later. To obtain experienced assistance finding retail units for lease or for sale here, depend on Boston City Properties!

Leasing Beverly Retail Space

Businesses frequently seek retail space for lease today. The suitability of commercial premises for a particular business activity varies, with some buildings better designed to accommodate the specific needs of a retailer than others. This historic community offers a great selection of structures available for lease, since it includes both vintage and newer premises.

Most commercial landlords require retail tenants to obtain business liability insurance coverage. Tenants and landlords typically negotiate the details of a commercial lease carefully. The duration of the lease period, the availability of customer parking, and signage all often figure prominently in the final agreement between the parties. Important notification deadlines may control issues such as the renewal or cancellation of a lease period, or the initiation of some types of disruptive building maintenance or repair procedures.

Purchasing Retail Property in This Community

In some situations, retailers prefer purchasing commercial space outright. This town offers available properties in a variety of styles and dimensions. Builders have constructed retail outlets here over the course of a number of years.

Although important exceptions occur, as a general rule retail property buyers prefer to acquire realty on a convenient single level, or with readily accessed upper or lower levels. They also usually seek properties supplying customer parking space. Both a conveniently designed building and ample parking enable prospective customers to shop in a location more conveniently. These features contribute to the long term value the property supplies to a business owner.

Listing Retail Space For Lease or Sale

Boston City Properties offers many real estate services of interest to commercial property sellers. If you own a retail facility in this community, you may find it helpful to ask us to prepare a marketing report. While not an appraisal, this type of study often assists a property seller in determining a competitive listing price.

Many elements potentially contribute to the appeal of a retail building. The construction materials, the specific location, the traffic volume within the immediate area, the availability of parking, the foot traffic through the location, the presence of nearby businesses, the age of the facility, the architectural design, and the landscaping features may all enhance or detract from the desirability of retail premises. Today some businesses erect custom facilities reflecting a unique company style. Whether you market vintage commercial premises or a lot with commercial retail zoning, rely on Boston City Properties to provide valuable services as you prepare to sell or lease your property!

Click Here to Search

Retail Space