Two-Floor Office
For Lease
$14 SF/Yr
247 Newbury Street, Danvers, MA 01923
Professional office property with separate entrances, private suites, reception space, and on-site parking.
Property Size3,510 SF
Days on Market70
Property Features for 247 Newbury Street
General Information
Standard status
Active
Size
3,510 SF
Lease Term
[]
Space & Availability
Divisible
Yes
Space Use
Office
Condition
Move-in Ready
Private Offices
10
Additional Details
Road Access
Yes
Amenities
reception area
bathrooms
separate entrances
on-site parking
Building Details
Year Built
1984
Stories
2
Listing Agency:
eXp Realty LLC
Listed By:
Frank Bertolino
(617) 799-5818
Source:
Oldeforgerealty
Added: May 25
Changed: Jul 31
Last Checked: Aug 1 at 3:14AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This 3,510-square-foot office property, built in 1984, is arranged across two floors with approximately 10 private office suites, a reception area, and four bathrooms. The upper and lower floors have separate entrances, and the upper floor can be leased separately. Flexible layouts support a range of professional office configurations.
The property is positioned on Route 1 at a corner lot and includes on-site parking. Its office layout includes private suites and shared reception space for professional services, medical, insurance, real estate, and corporate office users.
The property is positioned on Route 1 at a corner lot and includes on-site parking. Its office layout includes private suites and shared reception space for professional services, medical, insurance, real estate, and corporate office users.
Key Highlights
- 3,510‑square‑foot office property built in 1984
- Approximately 10 private office suites across two floors
- Four bathrooms and a reception area
Property Analytics
Current Use
Lease Details
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
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
Market
Lease Benchmarks for Danvers, MA
$21.99 /SF/Yr
Avg Asking Price
$12.99–$33.43 /SF/Yr
Price Range
1,576 SF
Avg Space Size
This space is priced 36% below the average of $21.99 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Professional office property with separate entrances, private suites, reception space, and on-site parking.
Where is this office units located?
The property is located at 247 Newbury Street Danvers, MA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 3,510‑square‑foot office property built in 1984; Approximately 10 private office suites across two floors; Four bathrooms and a reception area
