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$ 499,000
Est. payment /mo
Price Dropped by $40K
495 Cabot St #1 Beverly, MA 01915
15,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $33
MLS Listing ID 73596781
HOA Fees $1,038
HOA Y/N true
Year Built 2004
Annual Tax Amount $14,518
Tax Year 2026
Lot Size 1.500 Acres
Acres 1.5
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.
Location
State MA
County Essex
Zoning CN
Direction Use GPS
Others
Senior Community false
Listed by Re/Max Innovative Properties