Active

277 Rantoul St

Beverly MA, 01915

$1,000,000


$246.91 per sqft

Active

4,050 sqft

Commercial

Built in 1890

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.

73300875

MLS ID

October 10, 2024

Listed

October 15, 2024

Updated

Map

277 Rantoul St
Beverly MA, 01915

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.1 Acres

Other Property Details

Taxes

$14,464


Tax Frequency

Annually


Garage

No


Parking Total

0


View

No


County

Essex


Pool

No


Zoning

CC

 

Courtesy of Sara Pouladian, North Shore Realty Advisors

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Data last updated 7:40 PM UTC, 10/15/2024

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