Investment Opportunity 49 Federal St., 272 Rantoul St. plus 2 lots, (47 Federal & 268 Rantoul) Combining buildings and lots the property spans approximately 9,710 SF. Includes existing business that has operated since 1936, with the current structure built in 1975.Potential Mixed use development, subject to city approval, there’s potential to merge all parcels for mixed use development integrating residential and commercial spaces. Vertical Expansion: Opportunity exists to build above existing retail establishment, maximizing the property’s utility and value. Strategic Location; Situated in prime area enhancing the appeal of any new development. Versatile Usage: The potential for mixed-use designation allows for a blend of residential units and commercial spaces, catering to diverse market demands.

Property Details

Price:
$1,800,000
MLS #:
73341389
Status:
Active
Beds:
0
Baths:
0
Address:
272268 + Rantoul
Type:
Commercial
City:
Beverly
Listed Date:
Mar 5, 2025
State:
MA
Finished Sq Ft:
5,993
Total Sq Ft:
5,993
ZIP:
01915
Lot Size:
9,710 sqft / 0.22 acres (approx)
Year Built:
1936

Schools

Interior

Exterior

Parking Spots
12

Financial

Tax Year
2024
Taxes
$14,669

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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272268 + Rantoul
Beverly, MA