Property profile

437 Rantoul St Beverly, MA 01915

FOR LEASE
Turn key restaurants
Property ID
US38-1871123
240 SF 0.07 ac lot Built 1953
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This corner commercial property is located at the intersection of Rantoul Street and Route 62 in Beverly and includes parking for 10+ vehicles. The site was historically operated as a take-out restaurant and previously as a Scotty Dog location. The interior configuration includes a take-out service area with an existing hood and other food-service equipment. The property is positioned near other major retail and service businesses, including Eastern Bank, Walgreens, and CVS, and is supported by a walkable and bikeable surrounding area (walk score 82; bike score 51). A survey is available, and the property is within Beverly zoning, which allows a range of commercial uses suitable for take-out food concepts.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1953
Construction FRAME
Total area 240 SF
Lot 0.07 ac (3,241 SF)
Zoning code CC
APN BEVE M:0020 B:0205 L:
UPID US38-1871123

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

437 Rantoul St Beverly, MA 01915
Beverly metro Census 217300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2024
Last sale
$280,000
5 recorded transactions
2024
Price N/A
2024
$280,000
2022
$100,000
2021
$621,104
2004
$1

Zoning & alternative use

CC · Beverly, MA
Zoning description

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. P…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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