Retail Unit with Frontage
For Sale
Contact for pricing
36 Maple Street, Danvers, MA 01923
NNN retail unit offers large frontage windows, private rooms, a kitchenette, and two in-unit restrooms.
Property Size3,100 SF
Price / SF$0.01
Days on Market112
Property Features for 36 Maple Street
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
3
Property subtype
Commercial
Lease Type
NNN
Amenities
large frontage windows
private rooms
kitchenette
in-unit restrooms
Building Details
Year Built
1905
Listing Agency:
The Mega Group
(978) 762-9771
Listed By:
Colleen Cohan
(781) 760-4356
Source:
Lockandkeyre
Added: Jul 2
Changed: Oct 19
Last Checked: Oct 20 at 10:11PM
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 Mega Group
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Investment Insights
Based on property information with market context.
This available-for-immediate-occupancy retail unit offers approximately 3,100 square feet of space with large frontage windows for pedestrian visibility. Inside, the layout includes private rooms and a kitchenette, along with two in-unit restrooms. Interior character is highlighted by prominent columns.
The unit is located at 36 Maple Street in the heart of Danvers Square and sits about one mile from Liberty Tree Mall and Endicott Street shopping. Tenant parking is supported by three spaces behind the building, with additional on-street parking and five municipal parking lots in the immediate downtown.
A standard commercial lease agreement is being offered on an NNN basis, with the unit positioned between The Modern Butcher and Rocco's Pizza House.
The unit is located at 36 Maple Street in the heart of Danvers Square and sits about one mile from Liberty Tree Mall and Endicott Street shopping. Tenant parking is supported by three spaces behind the building, with additional on-street parking and five municipal parking lots in the immediate downtown.
A standard commercial lease agreement is being offered on an NNN basis, with the unit positioned between The Modern Butcher and Rocco's Pizza House.
Key Highlights
- 3,100 +/- SF retail unit in the heart of Danvers Square with large frontage windows
- Spacious floor plan with private rooms, a kitchenette, and two in‑unit restrooms
- Gorgeous columns and character interior features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,934
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,680
$1.0M
Cap Rate 7%
$727,629
$727.6K
Cap Rate 9%
$565,933
$565.9K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$74.4K $24.00/SF
− Vacancy
−$1.6K −$0.53/SF
EGI
$72.8K $23.47/SF
− OpEx
−$21.8K −$7.04/SF
NOI
$50.9K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,680
Cap Rate 7%
$727,629
Cap Rate 9%
$565,933
Alternative Uses
Best Use
Retail
$727.6K
$636.7K – $848.9K
NOI $50,934 @ 7.0% cap · market cap 231,518.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,463 @ 7.0% cap · market cap 583,922.73%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
831
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - NNN retail unit offers large frontage windows, private rooms, a kitchenette, and two in-unit restrooms.
Where is this retail space located?
The property is located at 36 Maple Street Danvers, MA.
What are key features of this property?
This property features: 3,100 +/- SF retail unit in the heart of Danvers Square with large frontage windows; Spacious floor plan with private rooms, a kitchenette, and two in‑unit restrooms; Gorgeous columns and character interior features
