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    120 Andover St Danvers, MA 01923

    New
    For Lease
    $1.00 SF/Yr ($579 /Mo)

    Commercial Lease - Danvers, MA

    Property size:
    6,950 SF
    Lot size:
    2.35 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 120 Andover St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R114
    APN
    M:056 L:006 P:,1880291
    Size
    6,950 SF
    Lot size
    2.35 Acres

    Building Details

    Year built
    1954
    Architectural style
    Other

    Keller Williams Realty Success (978) 475-2111

    Listing agent Faulkner Commercial Group (978) 475-2111

    Listing date Dec 4, 2025

    MLS# 73459400 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space on Route 114

    This 6,950 square foot retail space is located directly on Andover Street (Route 114), just off I-95, in a high-profile location. The property features a large, open floor plan with 12 to 14-foot wall heights, a warehouse with a loading dock, individual offices, and two ADA-compliant restrooms. Situated in one of the North Shore's most active retail corridors, the location benefits from high demographics and average daily traffic exceeding 44,000 vehicles per day. The property is surrounded by numerous high-quality retail businesses. It includes a large lighted pylon sign at the signalized entrance, excellent signage on the front of the building, and 110 shared free parking spaces in the front and rear. The HVAC system has been upgraded to provide more fresh air with higher filter efficiency. The fire alarm system has also been upgraded. The property is located in Danvers, Essex County, Massachusetts. The lot size is 2.35 acres. The zoning is R114. NNN expenses are estimated at $4 per square foot per year. The lease is a 5-year step-up lease with multiple 5-year options. The space is delivered as a vanilla box, with interior modifications at the tenant's expense.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Light 'N Leisure ... Lighting Store Guitar Center Musical Instrument Store Twisted Fate Brewing Brewery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.967218
    Latitude
    42.555796

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    FAQs

    What type of property is this?
    Retail space - High-visibility retail space in a high-traffic area.
    Where is this retail space located?
    The property is located at 120 Andover St Danvers, MA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Andover Street (Route 114) with 44,000+ vehicles per day, just off I-95.; - Large 6950sf retail space with open floor plan, warehouse with loading dock, and individual offices.; - Excellent visibility with large lighted pylon sign and prominent building signage.
    (978) 475-2111
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    120 Andover St Danvers, MA 01923
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    Danvers, MA 01923
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Andover St Danvers, MA 01923
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