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You are here:
Home Massachusetts Beverly Commercial Properties for Sale

7-11 Wallis St Beverly, MA 01915

$1,975,000
Type: Mixed Use
Lease Type N/A
6732 Bldg. SQFT
7 Restroom
Parking: N/A
7-11 Wallis St
Beverly, MA 01915

Property Description

Historical Mixed-Use Building! Discover an exceptional investment opportunity in this beautifully updated property in vibrant Downtown Beverly. This property features a prime first-floor commercial space with a valuable liquor license, central A/C,offering approximately 3,357 square feet of versatile space, ideal for a bar, restaurant, wedding venue, entertainment venue, or retail venture. The finished basement adds extra potential for storage or expansion.Additionally, there are three updated residential units: - Unit 1: A spacious three-bedroom with a remodeled kitchen, open-concept living area, in-unit washer/dryer, tiled bathroom, and high ceilings. - Unit 2: A bright one-bedroom unit with modern finishes, high ceilings, and in-unit laundry. - Unit 3: A large cozy studio with a flexible floor plan and a back porch.Each residential unit is modernized, ensuring a fresh atmosphere that attracts tenants.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Mixed Use
  • Location: Other (See Remarks)
  • MLS ID#: 73299777

Financial

  • Gross Annual Expenses: 26850
  • Gross Annual Income: 126310
  • Net Operating Income: 98910

Building Information

  • Total SQFT: 6732
  • Total Restrooms: 7

Construction & Utilities

  • Utilities: 440 Volts, Natural Gas, Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/12/2024Active$1,975,000$294MLSPIN
10/12/2024Active$1,975,000$293MLSPIN
10/08/2024New$1,975,000$294MLSPIN
10/08/2024New$1,975,000$293MLSPIN

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Map & Resources

Saint Marys School

School

0.08mi

Saint Mary Star of the Sea School

School

0.1mi

St Mary Star of the Sea

Private School, Grades: PK-8

0.1mi

Briscoe Middle School

Grades: 7-9

0.13mi

Beverly Grammar School

School

0.32mi

Abraham Edwards School

School

0.42mi

Washington-Beedle School

School

0.42mi

The Castle Board Game Cafe

Cafe

0.24mi

Marika's

American & German Restaurant. Offers: Non Vegetarian, Vegetarian

0.04mi

Beverly Fire Department

Fire Station

0.11mi

Cabot Theatre

Theatre

0.22mi

Beverly Center Business District

Park

0.02mi

Beverly Common

Municipal Park

0.22mi

Odell Park

Municipal Park

0.26mi

Goldway Playground

Municipal Park

0.27mi

Barlett Playground

Municipal Park

0.31mi

Fish Flake Hill Historic District

Park

0.33mi

Independence Park

Municipal Park

0.36mi

Innocenti Park

Municipal Park

0.36mi

Speedway

Gas Station

0.24mi

Charles W Galloupe Memorial Library

Library

0.06mi

Beverly Public Library

Library

0.22mi

Charles W. Galloupe Sr. Memorial Librar

Library

0.22mi

Paul M. Scott Library

Library

0.22mi

Speedway

Convenience

0.24mi

Cabot St @ Thorndike St

451

0.05mi

Cabot St @ Federal St

451

0.09mi

Cabot St @ Essex St

451

0.1mi

Cabot St @ Vestry St

451

0.11mi

Cabot St @ Franklin Pl

451

0.15mi

Cabot St @ Railroad Ave

451

0.16mi

Cabot St @ Pond St

451

0.19mi

Cabot St opp Highland Ave

451

0.2mi

Seller's Representative: Jarvid Cortes, Keller Williams Realty Evolution
MLS ID#: 73299777

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-10-12 03:05:00