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.
- Disclosure
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- CC
- Orig Price:
- $1,885,000
- LEASE_TYPE:
- Other (see Remarks)
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Beverly
- State:
- MA
- County:
- Essex
- Postal Code:
- 01915
- Longitude:
- W71° 7' 14.1''
- Latitude:
- N42° 32' 53.4''
Commercial Sale
7-11 Wallis St, Beverly, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,885,000
- Square Footage :
- 6,722 Sqft
- Year Built :
- 1860
- Lot Area :
- 0.10 Acre
- Listing ID :
- 73531691
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com