Brewery and Taproom in
232 Rantoul St, Beverly, MA 01915
For Sale
$1,375,000
Turnkey brewery and taproom in downtown Beverly, Massachusetts.
Property Size3,982 SF
Lot Size0.12 Acres
Price / SF$343.75
Days on Market245
Property Features for 232 Rantoul St
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Churchill Properties
Listed By:
Samuel Gifford
(781) 307-0228
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:43AM
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
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Investment Insights
Based on property information with market context.
Located in downtown Beverly, Massachusetts, this property offers a turnkey brewery and taproom experience. The property, situated at 232 Rantoul St, includes the existing business (Old Planters Brewing) and all associated equipment. The space is approximately 4,000 square feet and is zoned Central Commercial, described as a restaurant/bar. The location provides close proximity to the Beverly Depot commuter rail station, easy access to highways, and high traffic flow on the main road. The property is one of the North Shore's most recognizable craft brewing establishments, featuring a modern brewing system and a customer-facing space. The seller will also consider selling the real estate only without the business and business assets. The property can be combined with the Business Opportunity.
Key Highlights
- Fully operational, turnkey brewery and taproom in downtown Beverly.
- Includes a modern brewing system and all equipment for immediate production and service.
- Prime location near Beverly Depot commuter rail station, highways, and a highly trafficked main road.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,937
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,740
$1.5M
Cap Rate 7%
$1,056,243
$1.1M
Cap Rate 9%
$821,522
$821.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$100.8K $25.20/SF
− Vacancy
−$2.2K −$0.55/SF
EGI
$98.6K $24.65/SF
− OpEx
−$24.6K −$6.16/SF
NOI
$73.9K $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%
$1,478,740
Cap Rate 7%
$1,056,243
Cap Rate 9%
$821,522
Alternative Uses
Best Use
Specialty Retail
$1.06M
$924.2K – $1.23M
NOI $73,937 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,759 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
42k
Monthly Visits Nearby
Balanced
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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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Anchor Pub & Grille — 20 Cabot St, Beverly, MA 01915
- Toscana Bar Italiano — 90 Rantoul St, Beverly, MA 01915
- Lucky Dog — 129 Cabot St, Beverly, MA 01915
- Franco American Club Functions — 44 Park St, Beverly, MA 01915
- Old Planters Brewing Co. — 232 Rantoul St, Beverly, MA 01915
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey brewery and taproom in downtown Beverly, Massachusetts.
Where is this bar & pub located?
The property is located at 232 Rantoul St Beverly, MA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Fully operational, turnkey brewery and taproom in downtown Beverly.; Includes a modern brewing system and all equipment for immediate production and service.; Prime location near Beverly Depot commuter rail station, highways, and a highly trafficked main road.
