7 Wallis St
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7 Wallis St
6,722 SF 100% Leased Retail Building Beverly, MA 01915 $1,950,000 ($290/SF) 5.05% Cap Rate
Investment Highlights
- Liquor license, location, and Conditions
Executive Summary
Prime Mixed-Use Property with 6,722 sq. ft. finished area and Endless Potential!
Unlock the potential of this exceptional mixed-use property, perfectly situated for both commercial and residential success.
**First Floor Commercial Space:**
- Fully equipped with a liquor license
- Central A/C throughout
- Ideal for a bar, theater, restaurant, retail venture, and more!
- Spacious layout designed for creativity and growth
**Three Updated Residential Units:**
- **Unit #1:** Expansive 3-bedroom, 1-bath with in-unit washer/dryer
- **Unit #2:** Generous 1-bedroom, 1-bath with in-unit washer/dryer
- **Unit #3:** Cozy studio apartment, 1 bathroom, and in-unit washer/dryer
- Separate utilities for each unit, fully leased for immediate rental income
**Completely Updated:**
This property has been modernized throughout, offering a fresh and inviting atmosphere for both commercial and residential tenants.
Don’t miss this rare opportunity to invest in a versatile property with strong income potential! Contact us today to schedule a viewing and explore the possibilities!
Unlock the potential of this exceptional mixed-use property, perfectly situated for both commercial and residential success.
**First Floor Commercial Space:**
- Fully equipped with a liquor license
- Central A/C throughout
- Ideal for a bar, theater, restaurant, retail venture, and more!
- Spacious layout designed for creativity and growth
**Three Updated Residential Units:**
- **Unit #1:** Expansive 3-bedroom, 1-bath with in-unit washer/dryer
- **Unit #2:** Generous 1-bedroom, 1-bath with in-unit washer/dryer
- **Unit #3:** Cozy studio apartment, 1 bathroom, and in-unit washer/dryer
- Separate utilities for each unit, fully leased for immediate rental income
**Completely Updated:**
This property has been modernized throughout, offering a fresh and inviting atmosphere for both commercial and residential tenants.
Don’t miss this rare opportunity to invest in a versatile property with strong income potential! Contact us today to schedule a viewing and explore the possibilities!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,722 SF
Building Class
B
Year Built/Renovated
1860/2016
Price
$1,950,000
Price Per SF
$290
Cap Rate
5.05%
NOI
$98,560
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.54
Land Acres
0.10 AC
Opportunity Zone
Yes
Zoning
CC - commercial and mixed-use areas
Amenities
- Commuter Rail
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Accent Lighting
- Storage Space
- Recessed Lighting
- Air Conditioning
- Smoke Detector
Walk Score ®
Walker's Paradise (95)
Nearby Major Retailers
-
Jarvid Cortes -
KW Evolution
1 of 35
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7 Wallis St
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