7 Healy Ct Danvers, MA 01923
- Showrooms
- 13,400 SF
- 0.96 lot acres
Current Use by Public Records
- Breen & Sullivan Mechanical Services, Inc / Air Conditioning Contractor / Hvac Contractor
Property Details for 7 Healy Ct
- Year built
- 1983
- Construction
- STEEL FRAME
- Lot size
- 0.96 lot acres
- Property size
- 13,400 SF
- Zone code
- I1
- Property type
- Showrooms
- APN
- DANV M:051 L:374A P:
- APU
- DANVM051L374AP
Description
This exceptional commercial property at 7 Healy Ct, Danvers, MA, presents a unique investment opportunity. The 13,400+/- square foot building sits on a 0.96-acre lot and offers versatile flex/commercial/industrial space. Currently occupied by a long-term tenant, Breen & Sullivan Mechanical Services, whose lease expires in March 2025, the property provides immediate income potential until then. The existing layout includes approximately 6,200 square feet of warehouse/production space equipped with four grade-level overhead doors. There's significant potential for expansion
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,780,000
- 6.5%
- $2,370,000
- 7%
- $2,735,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,230,000
- Geo Method
- $2,940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,285,000
- Retail
- $2,695,000
- Mixed-Use
- $2,910,000
- Hospitality
- $2,420,000
- Educational
- $2,545,000
- Residential Income
- $2,940,000
- Energy
- $2,440,000
- Income-Based Land
- $2,915,000
- Food Service
- $2,810,000
Location Insight
- Map
- Local Demand
- City
- Danvers
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9322
- Latitude
- 42.5594
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA