Property photo 1
1 Bath
15,000 sqft

$539,900

495 Cabot St # 1, Beverly MA, 01915

Price per sqft$35.99
Built in2004
Property size15,000 sqft
Property typeCommercial

Overview

Active

New

Listed Oct 29, 2026

Updated 26h ago

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.

Additional information

MLS® ID
73596781

Interior Features

Bathrooms
1
Basement
No

Exterior Features

Lot Size
1.5 Acres

Other Property Details

Taxes
$14,518
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Shawn Blades with Re/Max Innovative Properties

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Data last updated 3:57 AM UTC, 10/30/2026

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