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    1 Cheever St Danvers, MA 01923

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    For Lease
    $5,250 /Mo

    Renovated commercial space with multiple uses, garage, and parking.

    Lot size:
    0.07 Acres

    Property Features for 1 Cheever St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1940

    Source: William Raveis R.E. & Home Services Agent Margaret Maher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Commercial Space for Lease

    This commercial space, completely renovated in 2025, is zoned C-1, allowing for multiple uses. The property features three garage bays with floor drains and a new Modine gas heater. A fully heated office space is located in the garage area, with an adjacent full bathroom. The second floor includes two half baths and electric heat. Off-street parking is available for up to four cars, in addition to parking in front of the building. The lease is triple net, with the tenant responsible for all maintenance, utilities, and snow removal.
    Insight Report Location Intelligence

    Current Use by Public Records

    Beauport Ambulance Service ... Ambulance Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    BJ's Wholesale Club, Firestone Complete Auto Care, Bridgestone, E and K Inc, MINI of Peabody Service Department

    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9254067
    Latitude
    42.5543181

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    FAQs

    What type of property is this?
    Auto shop - Renovated commercial space with multiple uses, garage, and parking.
    Where is this auto shop located?
    The property is located at 1 Cheever St Danvers, MA.
    What are key features of this property?
    This property features: - Zoned C-1 allowing multiple uses.; - **Completely renovated in 2025.**; - **Three garage bays with floor drains and new Modine gas heater.**
    (978) 335-6846
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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
    1 Cheever St Danvers, MA 01923
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