$1,885,000

Est. Mortgage $9,285/mo *

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7-11 Wallis St, Beverly, MA, 01915

7-11 Wallis St, Beverly, MA, 01915
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1860

6,722 sqft

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.

Status:

Active

Type:

Commercial

Zoning:

CC

Acreage:

0.1

Est. Taxes:

$12,290

Utilities

Public Water, Public Sewer, Natural Gas Available, Three Phase

MLS #:

73531691

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Dan Pouladian, North Shore Realty Advisors 617-548-7737