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Approved Mixed-Use Development
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61 High St, Danvers, MA 01923

Approved project combines seven market-rate residences, one affordable unit, and street-level commercial space.

Property SizeContact for details
Days on Market165

Property Features for 61 High St

General Information

Standard status Active
Property subtype Land, Mixed Use
Zoning R1

Building Details

Year Built 2026
Listing Agency: Herrick Lutts Commercial
Listed By: Nicholas Zolotas · License #9540441
Source: Crexi
Added: Mar 19 Changed: Aug 29 Last Checked: Aug 29 at 1:05PM

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 Herrick Lutts Commercial

Investment Insights

Based on property information with market context.

This approved R1 development is planned as a nine-unit mixed-use property with seven market-rate residential units, one affordable residential unit, and one commercial unit. Each residence is approximately 1,300 sq. ft. with two bedrooms, 2.5 bathrooms, an open layout, home office space, and in-unit laundry. Building amenities include elevator access, a fitness room, and covered resident parking. The project is scheduled for completion in 2026.

The 965 sq. ft. street-level commercial unit is configured for office or retail use. Located at 61 High St in downtown Danvers, the property is near local shops, restaurants, and other amenities.

Key Highlights

  • Nine‑unit approved mixed‑use development with 7 market‑rate residential units, 1 affordable unit, and 1 commercial unit
  • Residential units are approximately 1,300 sq. ft. each, with 2 bedrooms and 2.5 bathrooms
  • Each residence includes open floor plans, home office space, and in‑unit laundry

Property Analytics

Current Use

a.point.design, inc. Architect

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tech Support Center Barber Shop Bakery Butcher Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

928
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

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Approved project combines seven market-rate residences, one affordable unit, and street-level commercial space.
Where is this mixed-use property located?
The property is located at 61 High St Danvers, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Nine‑unit approved mixed‑use development with 7 market‑rate residential units, 1 affordable unit, and 1 commercial unit; Residential units are approximately 1,300 sq. ft. each, with 2 bedrooms and 2.5 bathrooms; Each residence includes open floor plans, home office space, and in‑unit laundry
(978) 927-1959 Call to check price and availability
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