Downtown Restaurant with
211 Rantoul St, Beverly, MA 01915
For Sale
New
Contact for pricing
A 64-seat dining space includes commercial kitchen infrastructure and sits within a mixed-use development with apartments above.
Property Size2,315 SF
Price / SF$0.01
Days on Market4
Property Features for 211 Rantoul St
General Information
Standard status
Size
Property subtype
Restaurant
Seating Capacity
Commercial Hood
Grease Trap
Additional Details
Floor
Amenities
handicap-accessible restrooms
private office
employee bathroom
Building Details
Year Built
Stories
Listing Agency:
The Mega Group
(978) 762-9771
Listed By:
Jennifer DApice
(508) 612-3767
Source:
Lockandkeyre
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 6 at 10:23AM
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 The Mega Group
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Investment Insights
Based on property information with market context.
This 2,315-square-foot restaurant space offers 64 seats, a dining room, a separate bar, and a commercial kitchen fitted with a hood and Ansul fire-suppression system. Restaurant infrastructure includes equipment hookups, sinks, and a grease trap. The premises also have two handicap-accessible restrooms, a private office, and a separate employee bathroom. FF&E may be available for purchase. Built in 2018, the space is part of a six-story mixed-use development with 126 apartments above ground-floor commercial space. A Home Rule Petition Special License is available through the City of Beverly.
The property is at 211 Rantoul Street in downtown Beverly, steps from Beverly Depot Commuter Rail station and an adjacent parking garage. Extensive glass frontage faces the surrounding downtown area. Commercial tenants in the development include Crave, Taku Sushi Bar, Hammer & Stain, and Otto Pizza of Portland, Maine; nearby businesses include Harbor Sweets, Taste Buds Kitchen, The Castle Restaurant & Bar, and Holy Burgers.
The property is at 211 Rantoul Street in downtown Beverly, steps from Beverly Depot Commuter Rail station and an adjacent parking garage. Extensive glass frontage faces the surrounding downtown area. Commercial tenants in the development include Crave, Taku Sushi Bar, Hammer & Stain, and Otto Pizza of Portland, Maine; nearby businesses include Harbor Sweets, Taste Buds Kitchen, The Castle Restaurant & Bar, and Holy Burgers.
Key Highlights
- 2,315 square feet with 64 seats
- Dining room, separate bar, and commercial kitchen with hood and Ansul fire‑suppression system
- Kitchen hookups, sinks, and grease trap
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,791
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,820
$855.8K
Cap Rate 7%
$611,300
$611.3K
Cap Rate 9%
$475,456
$475.5K
Market Conditions
NOI Build-Up for 2,315 SF
Gross rent
$58.3K $25.20/SF
− Vacancy
−$1.3K −$0.55/SF
EGI
$57.1K $24.65/SF
− OpEx
−$14.3K −$6.16/SF
NOI
$42.8K $18.48/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,820
Cap Rate 7%
$611,300
Cap Rate 9%
$475,456
Alternative Uses
Best Use
Specialty Retail
$611.3K
$534.9K – $713.2K
NOI $42,791 @ 7.0% cap · market cap 171,164.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,933 @ 7.0% cap · market cap 383,732.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 36%
Home Improvements & Furnishings 6%
Speedway
Shops & Services
15,345 visits/mo
0.3 miles
Dunkin' Donuts
Dining
15,338 visits/mo
0.4 miles
TD Bank
Shops & Services
5,068 visits/mo
0.2 miles
Moynihan Lumber Of Beverly
Home Improvements & Furnishings
1,504 visits/mo
0.2 miles
Kelly Ford, Inc
Shops & Services
1,276 visits/mo
0.1 miles
Demographics for 01915, MA
42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,982
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Essex County, MA
Properties on Market for Conventional restaurants in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A 64-seat dining space includes commercial kitchen infrastructure and sits within a mixed-use development with apartments above.
Where is this conventional restaurant located?
The property is located at 211 Rantoul St Beverly, MA.
What are key features of this property?
This property features: 2,315 square feet with 64 seats; Dining room, separate bar, and commercial kitchen with hood and Ansul fire‑suppression system; Kitchen hookups, sinks, and grease trap
