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Medical Office Condominium

1-495 Cabot St, Beverly, MA 01915

For Sale
$539,900

A medical office condominium is leased to MyEyeDr under a term extending through December 2030.

Property Size15,000 SF
Price / SF$35.99
Days on Market9

Property Features for 1-495 Cabot St

General Information

Standard status Active
Size 15,000 SF

Financials

Asking Price $539,900
Gross Income $64,800

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Office Units 1
Tenant in Place Yes
Property Use Medical Office

Taxes and HOA fees

Annual Taxes $14,518

Building Details

Tenancy Single
Listing Agency: Re/Max Innovative Properties
Listed By: Shawn Blades · License #456016686
Source: Exprealty
Added: Oct 29 Changed: Nov 5 Last Checked: Nov 6 at 10:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Innovative Properties

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Investment Insights

Based on property information with market context.

This medical office condominium is occupied by MyEyeDr, a national tenant. The existing lease runs through December 2030 and includes a five-year renewal option ending in December 2035. A condominium association oversees exterior upkeep and shared areas, with professional management in place.

The property is on Cabot Street in Beverly, with access to Route 128, Route 62, and downtown Beverly. Nearby parking is available.

Key Highlights

  • Medical office condominium occupied by national tenant MyEyeDr
  • Lease term runs through December 2030
  • Five‑year renewal option extends through December 2035

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Parking Lot & Garage Pet Grooming Service Butcher Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

825
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01915, MA

42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,982
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Essex County, MA

$202 Jul
$217 Aug
$233 Sep
$244 Oct

Properties on Market for Medical Office Space in Essex County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - A medical office condominium is leased to MyEyeDr under a term extending through December 2030.
Where is this medical office space located?
The property is located at 1-495 Cabot St Beverly, MA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Medical office condominium occupied by national tenant MyEyeDr; Lease term runs through December 2030; Five‑year renewal option extends through December 2035
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