Prime commercial condominium opportunity in a highly visible Beverly location. Unit 1 is currently leased to MyEyeDr, a well-established national optometry provider, operating as a full-service eye care office. MyEyeDr executed a new 5-year lease extension in December, providing near-term income stability, with an additional 5-year option thereafter. The property offers predictable cash flow within a professionally managed condo complex surrounded by strong demographics. The unit benefits from excellent street presence along Cabot Street, ample nearby parking, and convenient access to Route 128, Route 62, and downtown Beverly. The association handles exterior maintenance and common areas, creating a low-touch ownership structure. Ideal for investors seeking a stabilized medical/office asset in a strong North Shore market or future owner-users looking to acquire a well-located commercial condo with existing income in place. Buyer and buyer’s agent to perform all due diligence.
This home has been viewed 12 times
Last Checked: December 13th, 2025 at 7:18am (Source: MLS PIN #73461885)
General Information for 495 Cabot St # 1, Beverly MA 01915
Listing ID73461885
Property TypeCommercial Sale / Commercial Condo
Price$699,000
Style
CityBeverly
CountyEssex
MLS Area
Neighborhood(s)Ipswich
Garage Parking
ZoningCN
AssociationNo
Year Built2004
Year Built Source
Year Renovated
Year Built Details
Handicap Access / FeaturesNo
Energy Features
Disclosures for 495 Cabot St # 1, Beverly MA 01915
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Senior CommunityNo
Special Listing Conditions
For Sale By OwnerNo
Exclusions
Disclosures
Title 5
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Contact Information for 495 Cabot St # 1, Beverly MA 01915