Turnkey Brewery and Taproom
232 Rantoul St Beverly, MA 01915
232 Rantoul St, Beverly, MA, 01915
$1,899,000
For Sale
$1,899,000
Fully operational brewery and taproom in downtown Beverly, Massachusetts.
Property Size3,982 SF
Price / SF$476.90
Days on Market346
Property Features for 232 Rantoul St
General Information
- Standard status
- Active
- Size
- 3,982 SF
Building Details
- Year Built
- 1923
Listing Agency
Churchill Properties
Listed by
Samuel Gifford
Source
Corcoran
Added: Aug 6, 2025 Checked: Mar 16 at 9:08 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 Churchill Properties
Investment Insights
Based on property information with market context.
Located in downtown Beverly, Massachusetts, this property offers a turnkey brewery and taproom experience. The sale includes 232 Rantoul St, the existing Old Planters Brewing Co. business, and all associated on-site equipment. The property is zoned Central Commercial and is described as a restaurant/bar with approximately 4,000 square feet of space. The location provides close proximity to the Beverly Depot commuter rail station, easy access to highways, and high traffic counts. The seller will also consider selling the real estate only, without the business and business assets.
Key Highlights
- Fully operational, turnkey brewery and taproom - step right in and start brewing!
- Includes existing business (Old Planters Brewing Co.) and all associated equipment.
- Prime downtown Beverly location.
Local Financial Insights For Specialty 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 | $100.3k | $25.20 |
| − Vacancy | −$2.2k | −$0.55 |
| EGI | $98.1k | $24.65 |
| − OpEx | −$24.5k | −$6.16 |
| NOI | $73.6k | $18.48 |
3,982 SF · lease $25.20/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.05M
$920.1K – $1.23M
NOI $73,604 @ 7.0% cap · market cap 3.88%
Second Best
Retail
$934.7K
$817.8K – $1.09M
NOI $65,426 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,013 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Breweries
Similar For Sale Nearby
FAQs
What type of property is this?
Brewery - Fully operational brewery and taproom in downtown Beverly, Massachusetts.
Where is this brewery located?
The property is located at 232 Rantoul St Beverly, MA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Fully operational, turnkey brewery and taproom - step right in and start brewing!; Includes existing business (Old Planters Brewing Co.) and all associated equipment.; Prime downtown Beverly location.
