On the corner of Federal and Rantoul, 261 Rantoul St delivers a rare mixed-use opportunity in one of Beverly’s strongest growth corridors. This ±3,300 sq ft building has a high-visibility storefront, two residential units, and an oversized garage with a full basement. With flexible use options this property has a lot of potential. A brand new 400-amp electrical system and updated fire alarm systems. Steps from Beverly Depot, the property sits surrounded by new development and consistent commercial demand.For investors, commercial corridor rents commonly reaching $20–$30 per sq ft depending on condition and strong multifamily performance in the surrounding blocks. For end users, the combination of storefront exposure, on-site housing, garage and storage capacity, and walk-to-train access creates a practical footprint that’s increasingly hard to find in downtown Beverly. 261 Rantoul St stands out as a versatile mixed-use asset ready for repositioning, owner-occupancy, or redevelopment.
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.
