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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.

More Info

Basic Information

  • Gross Income $64,800
  • Mls StatusNew
  • Parcel Number M:0042 B:0081 L:00C1,4562883
  • Unit Number1

Tax Information

  • Tax Year 2026
  • Taxes$14,518

Rooms

  • Bathroom1

Basic Information

  • List Price$539,900
  • MLS Number73596781
  • Modification Date10/29/2026

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 Listed10/29/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Shawn Blades of Re/Max Innovative Properties

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