Downtown Retail and Office
175-181 Rantoul St Beverly Beverly, MA 01915
175-181 Rantoul St Beverly, Beverly, MA, 01915
$1,295,000
For Sale
$1,295,000
Standalone street-level retail and office building with large storefront windows and full basement for added support space.
Property Size6,428 SF
Price / SF$201.46
Days on Market137
Property Features for 175-181 Rantoul St Beverly
General Information
- Standard status
- Active
- Size
- 6,428 SF
Building Details
- Year Built
- 1950
Listing Agency
(508) 643-8166
Listed by
Amanda Lucido Hodges
(508) 643-8166
Source
Bournetosellrealestate
Added: Mar 5 Updated: Jul 10 at 1:49 pm Checked: Jul 19 at 2:47 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Amanda Lucido Hodges
Investment Insights
Based on property information with market context.
175 Rantoul Street is a standalone commercial building offering approximately 3,214 square feet of street-level space plus a full 3,214 square foot basement. The building is designed for a storefront-style presence, with large front windows and prominent street frontage aimed at attracting walk-in and pass-by customers. The basement provides flexible additional space that can support day-to-day operations, storage, or other use depending on the tenant’s needs.
The property is located in downtown Beverly along the Rantoul Street corridor (Route 1A), positioned in the center of the area’s primary retail and restaurant district. It benefits from visibility on a major through route and is surrounded by a mix of restaurants, boutique retailers, service providers, and professional offices, supporting consistent pedestrian and vehicle activity.
With Central Commercial (CC) zoning, the building supports a broad range of retail, restaurant, service, office, and commercial uses. That flexibility can make the property a practical fit for an owner-operator seeking an active storefront location, or for a buyer looking to accommodate multiple commercial concepts within the same building configuration.
The property is located in downtown Beverly along the Rantoul Street corridor (Route 1A), positioned in the center of the area’s primary retail and restaurant district. It benefits from visibility on a major through route and is surrounded by a mix of restaurants, boutique retailers, service providers, and professional offices, supporting consistent pedestrian and vehicle activity.
With Central Commercial (CC) zoning, the building supports a broad range of retail, restaurant, service, office, and commercial uses. That flexibility can make the property a practical fit for an owner-operator seeking an active storefront location, or for a buyer looking to accommodate multiple commercial concepts within the same building configuration.
Key Highlights
- Standalone commercial building on Rantoul Street (Route 1A) in downtown Beverly
- Approximately 3,214 SF of street‑level commercial space plus a full 3,214 SF basement
- Large storefront windows and prominent street frontage on a highly visible downtown corridor
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.3k | $24.00 |
| − Vacancy | −$3.4k | −$0.53 |
| EGI | $150.9k | $23.47 |
| − OpEx | −$45.3k | −$7.04 |
| NOI | $105.6k | $16.43 |
6,428 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.56M
$2.24M – $2.99M
NOI $179,168 @ 7.0% cap · market cap 13.84%
Second Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,615 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,375 @ 7.0% cap · market cap 20.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Stop & Shop Florist — 224 Elliott St, Beverly, MA 01915
- Anything Balloons & Flowers — 140 elliott st, beverly, ma 01915
- Karla Cassidy Designs — 214 Rantoul St, Beverly, MA 01915
FAQs
What type of property is this?
Storefront property - Standalone street-level retail and office building with large storefront windows and full basement for added support space.
Where is this storefront property located?
The property is located at 175-181 Rantoul St Beverly Beverly, MA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Standalone commercial building on Rantoul Street (Route 1A) in downtown Beverly; Approximately 3,214 SF of street‑level commercial space plus a full 3,214 SF basement; Large storefront windows and prominent street frontage on a highly visible downtown corridor
