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Property profile & analytics

140 Commonwealth Ave Danvers, MA 01923-3629

  • Showrooms
  • 32,382 SF
  • 3.55 lot acres
OFF-MARKET
Last Sale
Jun 15, 2023
$855,000
Value Estimations
$835,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US38-2301197
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Barry Burrows / Obstetrician-Gynecologist / Practitioner Service Location
  • Dr. Eric Young / Dentist
  • Joshua Shofner / Dermatologist
  • Essex County OB/GYN Associates, Inc. - Danvers Admin Only / Obstetrician-Gynecologist / Medical Clinic
  • Asthma & Allergy Affiliates: MacLean James A MD / Allergist / Doctor

Property Details for 140 Commonwealth Ave

Year built
1984
Construction
STEEL FRAME
Lot size
3.55 lot acres
Property size
32,382 SF
Zone code
C3
Property type
Showrooms
APN
DANV M:062 L:176 P:
APU
DANVM062L176P

Description

This exceptional 1,900-square-foot medical office space is now available for lease. Ideally situated on a main thoroughfare with high visibility and traffic flow from both Danvers and Peabody, this single-tenant property offers unparalleled convenience and accessibility. The building features a professionally managed and maintained landscape, enhancing its curb appeal and creating a welcoming environment for patients and staff. Inside, the space boasts seven patient rooms, two bathrooms, and a spacious waiting area, perfectly configured for a medical practice. The building is equipped with an elevator and is fully handicapped accessible, ensuring compliance with ADA standards. Updated common areas and two main entrances provide convenient access from either side of the building. Ample free parking is available on both sides, offering convenient parking for patients and staff. Currently operating as a doctor's office, this versatile space is also well-suited for a variety of other medical or related uses, including pediatric offices, spas, massage therapy businesses, laser hair removal clinics, and beauty and cosmetic practices. Prospective tenants are encouraged to conduct their own due diligence regarding permitted uses with the town. This is a turn-key opportunity in a high-traffic location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $835,000
    ML approach
    $1,365,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Danvers
County
Essex
State
Massachusetts
Longitude
-70.9444
Latitude
42.5525
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$125,351
$4,175,200
$2,564,100
$6,739,300
-
$0.00
$0.00
$0.00
More about this property
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