277 Rantoul Street is a great opportunity to own a Downtown Beverly mixed-use 2-story property. The asset has a strong long-term restaurant and two (2) oversized one-bedroom units. One unit has expansion possibilities of adding another bedroom and bathroom. The property boasts a rentable square footage of 4,050± with a total gross of 6,039± SF. The property consists of two (2) one-bedroom units with open floor plans on the 2nd floor and a restaurant on the first floor. Residential tenants pay all utilities except for water/sewer and trash. The seller pays $25/month towards trash for the residential units, the restaurant covers the remainder of the trash bill. The restaurant is responsible for 50% of water/sewer charges. This property offers investors an ideal Downtown Beverly sound investment. This asset is located near the Cummings Center, Lahey Medical, and Beverly Depot with various transportation options, and is accessible to all major thoroughfares.
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Last Updated: October 16th, 2024 at 8:03am
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General Information for 277 Rantoul St, Beverly, Massachusetts 01915
Property TypeCommercial Sale
Price$1,000,000
MLS #73300875
List Date2024-10-10
Special Listing ConditionsNo
StateMassachusetts
Street NameRantoul St
Unit
CityBeverly
Zip Code01915
CountyEssex
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total4050
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress277 Rantoul St, Beverly MA 01915
Zoning
Zoning DescriptionLegal Conforming
Business TypeCommercial
Interior Features for 277 Rantoul St, Beverly, Massachusetts 01915
* Approx. Living Area Total4,050 sq ft
MLS Area (Major)
OffMarketDate
Exterior Features for 277 Rantoul St, Beverly, Massachusetts 01915
* Parking Spaces0
* Year Built1890
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 277 Rantoul St, Beverly, Massachusetts 01915
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
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Lead PaintUnknown
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 277 Rantoul St, Beverly, Massachusetts 01915
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease TypeOther (See Remarks)
OriginalListPrice$1,000,000
Lifestyle Information for 277 Rantoul St, Beverly, Massachusetts 01915
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 277 Rantoul St, Beverly, Massachusetts 01915
Marketing History for 277 Rantoul St, Beverly, Massachusetts 01915
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PurchaseContractDate
Agent Information for 277 Rantoul St, Beverly, Massachusetts 01915