495 Cabot St, Unit 1
Beverly, MA 01915

$539,900

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Listing Details

$539,900
MLS# 73596781
Type Commercial - Business
Status Active

15,000
Square Feet
1.500 acres
Lot Size
2004
Year Built

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Listed By

Agency Name: Re/Max Innovative Properties
Agent Name: Shawn Blades
Agency Phone: 978-452-4432

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

Home Value Estimate

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...read more

Features

$14,518 Taxes
Built in 2004

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