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Two-Story Office Building with Parking
For Lease
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247 NEWBURY ST, Danvers, MA 01923

Two-floor office building offers a reception area, private suites, and four restrooms with ample on-site parking.

Space Size3,510 SF
Days on Market68

Property Features for 247 NEWBURY ST

General Information

Standard status Active
Size 3,510 SF
Class B
Property subtype Office

Additional Details

Road Access Yes
Office Units 10

Building Details

Building Size 3,510 SF
Year Built 1984
Stories 2
Tenancy Single

Spaces For Lease

at 247 NEWBURY ST Contact us

Space 1

Size
3,510 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: The North Shore Realty Group
Listed By: Frank Bertolino · License #MA 9510258
Source: Crexi
Added: Jun 30 Changed: Aug 31 Last Checked: Sep 3 at 2:00AM

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 The North Shore Realty Group

Investment Insights

Based on property information with market context.

This two-story office building offers approximately 10 private office suites along with a welcoming reception area and four bathrooms. The space is move-in ready and supports flexible office layouts to fit professional operations.

The property is located on a busy Route 1 corridor with strong visibility on a high-traffic corner lot. The top and bottom floors have separate entrances, and the top floor can be leased separately for additional flexibility.

Ample on-site parking supports convenient tenant and client access.

Key Highlights

  • Two‑floor office building built in 1984 on a busy Route 1 high‑traffic corner lot
  • Approx. 10 private office suites plus a reception area
  • Four bathrooms serving the office space

Property Analytics

Current Use

Circle Insurance Agency, ... Insurance Agency

Suggested Use

Top Pick Restaurant Pharmacy (Bike/Boat/Book/etc) Store Daycare Center Barber Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Office units
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

603
Businesses Nearby

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

Market

Lease Benchmarks for Danvers, MA

$19.83 /SF/Yr
Avg Asking Price
$12–$46.75 /SF/Yr
Price Range
1,759 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Two-floor office building offers a reception area, private suites, and four restrooms with ample on-site parking.
Where is this office units located?
The property is located at 247 NEWBURY ST Danvers, MA.
What are key features of this property?
This property features: Two‑floor office building built in 1984 on a busy Route 1 high‑traffic corner lot; Approx. 10 private office suites plus a reception area; Four bathrooms serving the office space
(978) 255-4735 Call to check price and availability
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