SALE or LEASE - this stand-alone retail / service / restaurant / brewery location on busy Rantoul Street in downtown Beverly Massachusetts. The subject property is a 3,982 +/- square foot commercial building with three (3) curb cuts located one block from the Beverly Depot Commuter Rail Station. Current layout is a brewery with large taproom, upon entering the space you are greeted by an industrial chic vibe featuring a spacious high-top seated bar as well as plenty of open space for both indoor and outdoor seating, two (2) handicap-accessible restrooms, and a separate production area with a 9x12 walk-in cooler and 10-foot tall by 12-foot wide rollup drive-in door. There is between 10-11 feet of clear height throughout, and situated on 5,218 +/- square feet of land with a Carrier rooftop HVAC unit in excellent condition. Options include an as-is condition as a brewery, with over $250,000 of equipment already in place in excellent condition. FF&E Market Valuation Quote available upon request. The property seeker may opt for a different restaurant concept, or general retail / service uses that could include restoring the existing two (2) 10-foot wide rollups that could be restored back to drive-in doors in the front of the building where the curb cuts are still in place. Beverly Massachusetts is a booming transit-oriented seaside community boasting several public beaches, four (4) commuter rail stations and quick access to Route 95 via Route 128.
Iconic retail and office building located on a highly visible corner lot in Ellis Square within the Beverly central business district. Building is 95% occupied with 75% of tenants under lease through 2029. Second floor has nine individual offices. First floor and basement is leased to one long term tenant. Tenants pay their own electricity costs. Landlord pays the heating costs. Operating expenses are reimbursed by 75% of tenant occupancy. This building is walking distance from city hall, The Cabot Theatre and a multitude of shops and restaurants. Outstanding investment opportunity in a terrific location.
Beverly is located in Massachusetts. Beverly, Massachusetts has a population of 42,448. Beverly is more family-centric than the surrounding county with 31.13% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Beverly, Massachusetts is $89,882. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Beverly is 40.4 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 18.1 degrees. The average rainfall is approximately 47.3 inches per year, with 43.5 inches of snow per year.
