15 Water St Danvers, MA 01923

Property Details for 15 Water St

Year built

1961

Construction

STEEL FRAME

Lot size

0.73 lot acres

Property size

10,752 SF

Zone code

C1

Property type

Auto shops

APN

DANV M:059 L:094 P:

APU

DANVM059L094P

Description

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.

Location Insight

City

Danvers

County

Essex

State

Massachusetts

Longitude

-70.9253

Latitude

42.5547

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments