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    10 Newbury St Danvers, MA 01923

    For Lease
    Contact for pricing

    Versatile Flex Space, 59,974 SF Available

    Lot size:
    59,974 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional flex space in Danvers, Massachusetts offers a total of 59,974 square feet, currently entirely vacant and available for lease. Located at 10 Newbury Street, Danvers, MA 01923, in Essex County, this property presents a unique opportunity for businesses seeking a versatile and spacious location. The property is classified as both retail and industrial, making it suitable for a wide range of uses. The space is offered as a single, contiguous unit, with a minimum leasable area of 59,974 square feet. This means the entire building is available for lease to a single tenant. The property's flexible design allows for customization to meet specific business needs. Its prime location in Danvers offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a high-profile presence in a thriving market. The property's size and versatility make it suitable for a variety of businesses, from light manufacturing and distribution to retail showrooms and office spaces. Interested parties are encouraged to inquire about lease terms and conditions. The property is ready for immediate occupancy. This is a rare opportunity to secure a large, high-quality flex space in a desirable location.

    Property Features for 10 Newbury St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    59,974 SF

    Unit(s) available at that property

    Space
    Available For Lease
    Size
    10,500 SF
    Space
    Available For Lease
    Size
    33,600 SF
    Space
    Available For Lease
    Size
    15,874 SF

    HighLights

    • 10,500 SF, 15,874 SF, and 33,600 SF of space available.
    • Super‑regional trade area.
    • High‑traffic location on Route 1 (45,000 ADT).
    • Across from a high‑volume Costco.
    • High‑profile pylon signage opportunity.
    • Convenient I‑95 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Lots Discount Store Expo Limousine Enterprises Limousine Service Torito Mexican Restaurant Mexican Restaurant Atlas ATM Atm Salem Plumbing Supply Plumbing Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9793385
    Latitude
    42.558137

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    FAQs

    What type of property is this?
    Flex space - Versatile Flex Space, 59,974 SF Available
    Where is this flex space located?
    The property is located at 10 Newbury St Danvers, MA.
    What are key features of this property?
    This property features: 10,500 SF, 15,874 SF, and 33,600 SF of space available.; Super-regional trade area.; High-traffic location on Route 1 (45,000 ADT).
    Request Owner's contact information
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    Danvers, MA 01923
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10 Newbury St Danvers, MA 01923
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