Betsy Doolan - HK Realty Logo
$499,000
( $33.27Per Sq Foot )
 $2,679 est/mo Sourced by Back At You

495 Cabot St # 1,Beverly, MA 01915

Beverly, MA 01915

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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.

Details

MLS #73596781
Listing TypeFor Sale
HOA Dues$1,038
Sub-TypeResale
StatusActive
Year2004
Days On Site13
Listing Provided ByRe/Max Innovative Properties | Shawn Blades

Features

Bath(s)1
SQ Feet15,000
ZoningCN
Acreage1.50

Taxes

Tax Annual Amount14518
Tax Year2026

Location

Senior Community Yes / NoNo

Area Information

StateMA
CountyEssex
CityBeverly
Zip Code01915
AreaEssex
Listing VS Median (in 01915)
Price:
$499,000
low | high
Med:
$595,000
30.761523046092% of Average
sqft:
15,000
low | high
Med:
1,373
100% of Average
$ / sqft:
$33
low | high
Med:
$438
100% of Average
On site:
13
low | high
Med:
38
34.210526315789% of Average
Sourced by Back At You

Market Activity 01915

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Learn More About This Property

Betsy Doolan

Betsy Doolan

HK Realty

009993 (603) 234-8264betsy.doolan@h-krealty.com
StateMA
CountyEssex
CityBeverly
Zip Code01915
AreaEssex
Listing VS Median (in 01915)
Price:
$499,000
low | high
Med:
$595,000
30.761523046092% of Average
sqft:
15,000
low | high
Med:
1,373
100% of Average
$ / sqft:
$33
low | high
Med:
$438
100% of Average
On site:
13
low | high
Med:
38
34.210526315789% of Average
Sourced by Back At You
Listing Updated: November 9, 2026 at 10:30:45 PM PST

Betsy Doolan - HK Realty