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$ 699,000
Est. payment | /mo
15,000 SqFt
$ 699,000
Est. payment | /mo
15,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $46
MLS Listing ID 73461885
HOA Fees $1,038
HOA Y/N true
Year Built 2004
Annual Tax Amount $14,397
Tax Year 2025
Lot Size 1.500 Acres
Acres 1.5
Property Description
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.
Location
State MA
County Essex
Zoning CN
Direction Use GPS
Others
Senior Community false
Listed by Re/Max Innovative Properties