Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    15 Water St Danvers, MA 01923

    Sponsored
    For Sale
    $4,000,000

    10,752 SF Flex Space, $4M

    Property size:
    10,752 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,752-square-foot industrial property in Danvers, Massachusetts, presents a compelling investment opportunity. Situated on a 1.15-acre lot at 15 Water Street, this single-story building boasts eight drive-in doors, ideal for a variety of uses. Currently configured as a car wash, auto body, and detail shop, the property's versatility extends to numerous other possibilities. The property comprises two contiguous lots, primarily zoned C1 (Commercial 1), offering significant development potential. The C1 zoning allows for a wide range of uses, including athletic facilities, drive-thrus, auto repair, restaurants, retail, and more. A portion of the property is also zoned R1 (Residential 1), primarily for one- or two-family dwellings. Located conveniently off Route 128 and Route 35, this property benefits from excellent accessibility and high visibility. The asking price is $4,000,000, translating to $372.02 per square foot. This prime location and flexible zoning make this an attractive investment for both established businesses and developers seeking a strategic foothold in the thriving Danvers market. The property's existing infrastructure and ample space provide a solid foundation for a variety of future ventures. The Essex County location offers easy access to major transportation routes and a strong local economy. This is a rare opportunity to acquire a substantial property with significant upside potential.

    Property Features for 15 Water St

    General Information

    Property type
    Flex space
    Square Feet
    10,752 SF
    Lot Size
    50,094 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 10,752 SF industrial building on a 1.15‑acre lot in Danvers, MA.
    • Eight drive‑in doors, currently configured as a car wash, auto body, and detail shop.
    • Located at 15 Water Street, with excellent Route 128 & Route 35 access.
    • Primarily C1 zoned, allowing diverse commercial uses; portion R1 zoned.
    • $4,000,000 asking price ($372.02/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Hartnett Auto Body ... Auto Body Shop Hartnett Car Wash Car Wash

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.924609921918
    Latitude
    42.554816819294

    Nearby Comparable

    • $2,745,000
      0.96 Acres

      Danvers Commercial Building - Great Potential

      Prime Danvers location, 13,400+ SF flex space, lease expiring 2025.
      7 Healy Ct, Danvers, MA 01923
      View Details
    • Contact for pricing
      13,400 SF

      Danvers Flex/Industrial Building For Sale

      Flex/industrial building in Danvers, MA, available March 2025.
      7 Healy Ct, Danvers, MA 01923
      View Details
    • $719,000
      1,916 SF

      Danvers Duplex Near Downtown

      Two-family duplex in Danvers near downtown, delivered vacant.
      5 Hampshire St, Danvers, MA 01923
      View Details
    • Contact for pricing

      Peabody Industrial Development Opportunity

      6.7-acre industrial land parcel in Peabody, Massachusetts.
      60 Pulaski St, Peabody, MA 01960
      View Details
    • $8,600,000

      Danvers Redevelopment Land For Sale

      Commercial land available for redevelopment in Danvers, Massachusetts.
      152 Endicott St, Danvers, MA 01923
      View Details
    • $1,299,900
      3,984 SF

      Beverly Four-Family Investment Opportunity

      Four spacious units with income and appreciation potential in Beverly.
      508 Elliott St, Beverly, MA 01915
      View Details
    • $749,000

      Attractive Two-Family Residence in Danvers

      Two-family residence near downtown Danvers, ideal for owner occupancy.
      11 Holten St, Danvers, MA 01923
      View Details
    • $3,250,000

      Approved Condominium Development Opportunity

      Approved 22-unit condominium project near Route 114 in Peabody.
      55 Pulaski St, Peabody, MA 01960
      View Details
    • $300,000
      1.52 Acres

      Danvers Land Near Rail Trail

      1.52 acre lot near North Shore amenities and rail trail.
      63 Adams St, Danvers, MA 01923
      View Details
    • $829,000

      Beverly Two-Family Home with Updates

      Well-maintained two-family home in Beverly's Ryal Side neighborhood.
      46 Winthrop Ave, Beverly, MA 01915
      View Details
    • $899,000

      Versatile Triplex with Conversion Potential

      Triplex with owner's unit, conversion options, and off-street parking.
      4 Northend St, Peabody, MA 01960
      View Details
    • $250,000
      900 SF

      Peabody Office Condo For Sale

      900 SF office condo with exam rooms and office.
      6 Essex Center Dr, Peabody, MA 01960
      View Details

    Nearby Similar for Sale

    • $719,000
      1,916 SF

      Danvers Duplex Near Downtown

      Two-family duplex in Danvers near downtown, delivered vacant.
      5 Hampshire St, Danvers, MA 01923
      View Details
    • Contact for pricing
      13,400 SF

      Danvers Flex/Industrial Building For Sale

      Flex/industrial building in Danvers, MA, available March 2025.
      7 Healy Ct, Danvers, MA 01923
      View Details
    • $1,525,000

      Mixed-Use Property in Downtown Danvers

      Well-maintained mixed-use property with commercial and residential units.
      15 24, Danvers, MA 01923
      View Details
    • $620,000

      Corner Office Suite For Sale

      Well-designed office suite with abundant natural light and convenient location.
      150 Andover St, Danvers, MA 01923
      View Details
    • $749,000

      Attractive Two-Family Residence in Danvers

      Two-family residence near downtown Danvers, ideal for owner occupancy.
      11 Holten St, Danvers, MA 01923
      View Details
    • Contact for pricing
      32,000 SF

      New Construction Flex/Industrial Warehouse

      New construction flex/industrial warehouse totaling approximately 32,000 SF.
      13 Popes Ln, Danvers, MA 01923
      View Details
    • $4,300,000

      Danvers Office Property For Sale

      Office property available for purchase in Danvers, Massachusetts.
      185 Centre St, Danvers, MA 01923
      View Details
    • $2,745,000
      0.96 Acres

      Danvers Commercial Building - Great Potential

      Prime Danvers location, 13,400+ SF flex space, lease expiring 2025.
      7 Healy Ct, Danvers, MA 01923
      View Details

    FAQs

    What type of property is this?
    Flex space - 10,752 SF Flex Space, $4M
    Where is this flex space located?
    The property is located at 15 Water St Danvers, MA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 10,752 SF industrial building on a 1.15-acre lot in Danvers, MA.; Eight drive-in doors, currently configured as a car wash, auto body, and detail shop.; Located at 15 Water Street, with excellent Route 128 & Route 35 access.
    Request Owner's contact information
    15 Water St Danvers, MA 01923
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Water St
    Danvers, MA 01923
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    15 Water St Danvers, MA 01923
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.