Medical Office Building with Exam
For Lease
$22 SF/Yr
5 Federal St, Danvers, MA 01923
A 1.6-acre site includes two large suites, five private offices, and on-site parking.
Space SizeContact for details
Lot Size1.60 Acres
Days on Market10
Property Features for 5 Federal St
General Information
Standard status
Active
Lot size
1.60 Acres
Additional Details
Space Use
Medical Office
Highway Access
Yes
Building Details
Year Built
1985
Listing Agency:
Lamacchia Realty, Inc.
Listed By:
Brian Kindlan · License #9550090
(978) 250-1900
Source:
Lyvrealty
Added: Sep 26
Changed: Oct 4
Last Checked: Oct 4 at 3:22PM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This medical office property at 5 Federal St in Danvers contains two suites measuring 2,870 square feet and 4,405 square feet, along with five individual offices. The interior includes exam rooms, private offices, and waiting areas. The building was constructed in 1985 and sits on a 1.6-acre lot with on-site parking.
Route 114 and Route 128 provide access to the property.
Route 114 and Route 128 provide access to the property.
Key Highlights
- Two suites measuring 2,870 square feet and 4,405 square feet
- Five individual offices in addition to the two suites
- Exam rooms, private offices, and waiting areas
Property Analytics
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Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01923, MA
27,987
Population
11,405
Households
2.5
Avg Household Size
46
Median Age
47%
College-Educated
95%
High-School Grad
13.2 sq mi
ZIP Area
2,120
Density / Sq Mi
$117,072
Median Household Income
$59,916
Median Earnings
$2,004
Median Rent
$611,200
Median Home Value
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Market
Lease Benchmarks for Danvers, MA
$16 /SF/Yr
Avg Asking Price
$14–$22 /SF/Yr
Price Range
2,747 SF
Avg Space Size
This space is priced 38% above the average of $16 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A 1.6-acre site includes two large suites, five private offices, and on-site parking.
Where is this medical office space located?
The property is located at 5 Federal St Danvers, MA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Two suites measuring 2,870 square feet and 4,405 square feet; Five individual offices in addition to the two suites; Exam rooms, private offices, and waiting areas
