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Prime commercial condominium opportunity in a highly visible Beverly location. Unit 1 is currently leased to MyEyeDr, a well-established national optometry provider, operating as a full-service eye care office. MyEyeDr executed a new 5-year lease extension in December, providing near-term income stability, with an additional 5-year option thereafter. The property offers predictable cash flow within a professionally managed condo complex surrounded by strong demographics. The unit benefits from excellent street presence along Cabot Street, ample nearby parking, and convenient access to Route 128, Route 62, and downtown Beverly. The association handles exterior maintenance and common areas, creating a low-touch ownership structure. Ideal for investors seeking a stabilized medical/office asset in a strong North Shore market or future owner-users looking to acquire a well-located commercial condo with existing income in place. Buyer and buyer's agent to perform all due diligence.

More Info

Basic Information

  • Mls StatusPrice Changed
  • Parcel Number M:0042 B:0081 L:00C1,4536857
  • Unit Number1

Tax Information

  • Tax Year 2025
  • Taxes$14,397

Basic Information

  • List Price$575,000
  • MLS Number73461885
  • Modification Date06/01/2026

Location

  • Address495 Cabot Street
  • Building Number495
  • CountyEssex
  • StateMA
  • StreetCabot Street
  • TownBeverly
  • Zip01915

Building

  • Building Area Units Square Feet
  • Year Built2004

Property

  • Acreage1.5

Property Information

  • Living Area 15,000
  • Lot Size Square Feet 65,340
  • Lot Size Units Acres
  • Square Feet15,000

Amenities

  • Association Amenities Elevator(s)

Legal

  • ZoningCN
  • Zoning Description Legal Conforming, Other (See Remarks)

Other

  • Association Fee $1,038
  • Association Fee Includes
    • Insurance
    • Maintenance Grounds
    • Maintenance Structure
    • Sewer
    • Snow Removal
    • Trash
    • Water
  • Association YN Yes
  • Date Listed12/12/2025
  • Farm Land Area Units Square Feet
  • View Count12

Map Location

Driving Directions

Listed by Shawn Blades of Re/Max Innovative Properties

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