For Sale
$1,000,000
277 Rantoul St Beverly, MA 01915
Iconic location, strong tenant, value-add.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- $1,000,000 asking price for a mixed-use, value-add property in Beverly, MA.
- 6,039 total square feet, 4,050 net rentable square feet, with a 5.65% cap rate and a pro-forma cap rate of 6.43%.
- Currently 100% occupied with a strong long-term restaurant tenant and two oversized one-bedroom apartments.
- Features three units in a two-story, 1890 building renovated between 2020-2022, situated on a 4,326 square foot lot.
- Located in a prime downtown Beverly location near Cummings Center, Lahey Medical, and Beverly Depot, offering excellent access to major transportation routes.
Property Details for 277 Rantoul St
- Property type
- Mixed-use properties
- Square Feet
- 6,039 SF
- Class
- B
- Year Built/Renovated
- 1890/2020
- Buildings
- 1
- Stories
- 2
- Units
- 3
Location Insight
- City
- Beverly
- County
- Essex
- State
- Massachusetts
- Latitude
- 42.5505182
- Longitude
- -70.8830618
277 Rantoul St, Beverly, Massachusetts
Nearby Similar for Sale
FAQs
- What type of property is this?
- Mixed-use property - Iconic location, strong tenant, value-add.
- Where is the mixed-use property located?
- The property is located at 277 Rantoul St Beverly, MA.
- What is the asking price?
- The asking price for this property is $1,000,000.
- What are key features of this property?
- This property features: $1,000,000 asking price for a mixed-use, value-add property in Beverly, MA.; 6,039 total square feet, 4,050 net rentable square feet, with a 5.65% cap rate and a pro-forma cap rate of 6.43%.; Currently 100% occupied with a strong long-term restaurant tenant and two oversized one-bedroom apartments.
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