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.
Listed By
Agency Name: Re/Max Innovative Properties
Agent Name: Shawn Blades
Agency Phone: 978-452-4432
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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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 www.masiellogrouprealestate.com today.