Medical Office Suites with Waiting
For Lease
$22 SF/Yr
5 Federal Street, Danvers, MA 01923
Medical building offering two large suites plus individual offices, with multiple exam rooms and waiting areas on a 1.6-acre lot.
Space SizeContact for details
Lot Size1.60 Acres
Days on Market129
Property Features for 5 Federal Street
General Information
Standard status
Active
Lot size
1.60 Acres
Additional Details
Highway Access
Yes
Office Units
7
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Lamacchia Realty,Inc.
Listed By:
Brian Kindlan
(617) 993-4639
Source:
Flowrealty
Added: May 5
Changed: Sep 10
Last Checked: Sep 10 at 6:08AM
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 building is available for lease and features two large suites alongside five individual offices. The space is set up with multiple exam rooms, private offices, and welcoming waiting areas intended to support efficient patient flow. Additional interior flexibility can accommodate a range of professional medical and office needs within the existing layout.
The property is located at 5 Federal Street in Danvers, MA, on a 1.6-acre lot with on-site parking. The building’s visibility and accessibility are supported by convenient connections to major routes, including Route 114 and Route 128.
Prospective tenants should note the configuration combines suite-level space with smaller office components, which can be useful for organizations seeking multiple functional areas within a single medical facility.
The property is located at 5 Federal Street in Danvers, MA, on a 1.6-acre lot with on-site parking. The building’s visibility and accessibility are supported by convenient connections to major routes, including Route 114 and Route 128.
Prospective tenants should note the configuration combines suite-level space with smaller office components, which can be useful for organizations seeking multiple functional areas within a single medical facility.
Key Highlights
- Commercial medical building built in 1985 with two large suites: 2,870 SF and 4,405 SF
- Flexible layout with multiple exam rooms, private offices, and waiting areas
- Includes five additional individual offices for added workspace within the building
Property Analytics
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Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
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
$15.85 /SF/Yr
Avg Asking Price
$14–$22 /SF/Yr
Price Range
1,921 SF
Avg Space Size
This space is priced 39% above the average of $15.85 /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 - Medical building offering two large suites plus individual offices, with multiple exam rooms and waiting areas on a 1.6-acre lot.
Where is this medical office space located?
The property is located at 5 Federal Street Danvers, MA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Commercial medical building built in 1985 with two large suites: 2,870 SF and 4,405 SF; Flexible layout with multiple exam rooms, private offices, and waiting areas; Includes five additional individual offices for added workspace within the building
