A rare opportunity to acquire a trophy mixed-use asset in the heart of Downtown Beverly. Meticulously renovated throughout, the property blends historic character, modern systems, and durable in-place cash flow in one of the North Shore’s most desirable downtown markets. The property contains approximately 6,722± rentable square feet within a 10,223± gross square footage and features three (3) renovated residential units alongside the iconic home of Off Cabot Comedy & Events, a destination entertainment venue with a strong following. The commercial tenancy offers stable income with 5% annual rent escalations, creating built-in NOI growth and long-term stability. The unit mix of one studio, one 1-bedroom, & one 3-bedroom underwent gut renovations with sun-filled open floor plans, soaring ceilings, hardwood flooring, beautiful woodwork, large bathrooms, eat-in kitchens, and in-unit laundry. Fantastic opportunity to own a gorgeous property right in Downtown Beverly.
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Last Checked: July 1st, 2026 at 4:31am (Source: MLS PIN #73531691)
General Information for 7-11 Wallis St, Beverly MA 01915
Listing ID73531691
Property TypeCommercial Sale
Price$1,885,000
Style
CityBeverly
CountyEssex
Neighborhood(s)Ipswich
ZoningCC
Year Built1860
Disclosures for 7-11 Wallis St, Beverly MA 01915
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
ExclusionsBlack Light Fixture Above Storage Bench In Kitchen.
Compensation Based On
Contact Information for 7-11 Wallis St, Beverly MA 01915