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495 Cabot St 1Beverly, MA 01915

Essex County

$539,900List price
1Baths
15,000Sq Ft
2004Year built
1.50Acre lot
4 days agoOn market

Description

Excellent investment opportunity in Beverly! Offered at $539,900, this commercial condominium generates $64,800 in annual rental income from established national tenant MyEyeDr. The current lease extends through December 2030, with an additional 5-year renewal option through December 2035. If exercised, the renewal option increases monthly rent from $5,400 to $5,832 ($69,984 annually). Located along highly visible Cabot Street, the property offers excellent street presence, ample nearby parking, and convenient access to Route 128, Route 62, and downtown Beverly. Professionally managed condominium association handles exterior maintenance and common areas, providing a low-maintenance investment opportunity. Ideal for investors seeking an established medical/office tenant, predictable rental income, and long-term investment potential. Buyer and buyer's agent to perform all due diligence.

Property Information

Property type
Commercial Sale
Year built
2004
Living area
15,000 Sq Ft
Lot size
1.50 acres
Zoning
CN
Days on market
4
MLS® Listing#
73596781

Property Features

Financial Details

HOA
$1,038 · period not stated
Annual taxes
$14,518Tax year 2026
Parcel number
M:0042 B:0081 L:00C1,4562883

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Listing Courtesy: Re/Max Innovative Properties - 9784524432

Presented by: Shawn Blades

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