Two-Story Office Building with
For Lease
$14 SF/Yr
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 SizeContact for details
Days on Market81
Property Features for 247 Newbury St
General Information
Standard status
Active
Additional Details
Road Access
Yes
Office Units
10
Taxes and HOA fees
Annual Taxes
$13,152
Building Details
Stories
2
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
The North Shore Realty Group · License #BK3153120
(978) 710-9388
Source:
Exprealty
Added: Jun 25
Changed: Sep 11
Last Checked: Sep 11 at 4:30PM
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 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.
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10
Office units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Danvers, MA
$20.01 /SF/Yr
Avg Asking Price
$12–$46.75 /SF/Yr
Price Range
1,691 SF
Avg Space Size
This space is priced 30% below the average of $20.01 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 is the lease rate?
The lease rate is $14 SF/Yr.
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
