341 Rantoul St Beverly, MA 01915-4364
In CC District, 55 feet when "RHD" is the abutting residential district. In CC2 subdistrict, 45 feet with no more than four stories. In both CC and CC2, 35 feet when "RMD" or "R-6" is the abutting residential district. Proposed Zoning No Change Summary of Proposed Changes to the CC/CC2 Zoning for Residential Uses which do not Abut a Residential Zoning Distri…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CC · Beverly, MAIn CC District, 55 feet when "RHD" is the abutting residential district. In CC2 subdistrict, 45 feet with no more than four stories. In both CC and CC2, 35 feet when "RMD" or "R-6" is the abutting residential district. Proposed Zoning No Change Summary of Proposed Changes to the CC/CC2 Zoning for Residential Uses which do not Abut a Residential Zoning District in the MBTA Communities Overlay District Minimum Lot Size Existing Zoning 1,000 square feet of total lot area per dwelling unit. Proposed Zoning None (No minimum lot size area) Maximum Number of Dwelling Units Per Lot Existing Zoning None Proposed Zoning No Change Minimum Lot Frontage Existing Zoning 50 feet Proposed Zoning No Change Front Yard Setback Existing Zoning 15 feet Proposed Zoning No Change Side Yard Setback Existing Zoning 10 feet; 15 feet if over three stories. Proposed Zoning No Change Rear Yard Setback Existing Zoning 20 feet Proposed Zoning No Change Building Height Existing Zoning In CC District, 55 feet. In CC2 subdistrict, 45 feet with no more than four stories. Proposed Zoning No Change Mandatory Mixed Use Overlay District (MMU) On August 17, 2023, The MBTA Communities Law was modified to offer MBTA Communities a path to receive some credit for mixed-use development districts called Mandatory Mixed Use (pdf) : Allow an MBTA Community to "offset" the minimum multifamily housing unit capacity requirement in certain multifamily zoning district(s) by up to 25%, based on the unit capacity of a mixed-use zoning district that meets key requirements of the MBTA Communities Law, except the multifamily zoning district requires a ground floor non-residential component. In order for a MMU District to be eligible to offset the required unit capacity, the district must meet the following standards: The MMU District is in an eligible location where existing village-style or downtown development is essential to preserve pedestrian access to amenities. The Massachusetts Executive Office of Housing and Livable Communities (EOHLC) pre-approved the location of the MMU on May 20, 2024. There are no age restrictions or limits on unit size, number of bedrooms, bedroom size, or number of occupants and the residential units permitted are suitable for children.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.