Rachel Moyse
REALTOR®
SQUARE FEET15,000
MLS#73596781
STATUSActive
PROPERTY TYPECommercial - Business
Property 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 Features
Property Type: Commercial - Business
Lot Size: 1.50 Acres
Taxes: $14,518
Year Built: 2004
Feature Descriptions
Association Amenities: Elevator(s)
Association Fee: $1038
Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
Building Area Total: 15000
Business Type: Commercial Condo
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 6
HOA Y/N: Yes
Parcel Number: M:0042 B:0081 L:00C1,4562883
Rental Term: Monthly
Listed By / Shown By
Listed By
Agency Name: Re/Max Innovative Properties
Agent Name: Shawn Blades
Agency Phone: 978-452-4432
Shown By
Agent Name: Rachel Moyse
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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495 Cabot St, Unit 1 | MLS# 73596781
This commercial property located at 495 Cabot St, Unit 1, Beverly, MA 01915 is currently listed for sale with an asking price of $539,900. Search Beverly real estate on rachelmoyse.masiellogrouprealestate.com today.