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ActiveListed 6 days ago

$539,900

495 Cabot St #1, Beverly, MA 01915

15,000
sqft
Lot sizeThe land that comes with the home, as reported to the MLS.
1.5 acres
Year builtThe year the building was originally built, as reported by the listing agent.
2004
On the marketDays since the home was listed. New listings tend to move fastest.
6 days ago
Property type
Commercial
HOA / condo feeWhat the owners' association charges — usually covers shared upkeep, insurance on common areas, and sometimes heat or water. Ask us what's included.
$1,038/mo
Price per sqftList price divided by interior living area — handy for comparing homes of different sizes.
$36
Annual taxesLast annual property tax bill reported to the MLS. A new owner's bill can differ.
$14,518

What’s Special

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.

Listing courtesy of Shawn Blades, Re/Max Innovative Properties · MLS PIN #73596781

Facts & Features

Status
Active
Active status flag
Active
Living area
15,000 sqft

MLS PIN #73596781 · Listed October 29, 2026

Location

495 Cabot St #1, Beverly · All Beverly homes

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Call (978) 809-1685

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.