120 Andover St Danvers, MA 01923
- Retail space
- 33,914 SF
- 2.35 lot acres
Current Use by Public Records
- Light 'N Leisure The Purple Buildings / Light Bulb Supplier / Lighting Store
- Guitar Center / Musical Instrument Store / Guitar Store
- Twisted Fate Brewing / Brewery
Property Details for 120 Andover St
- Year built
- 1954
- Construction
- STEEL FRAME
- Lot size
- 2.35 lot acres
- Property size
- 33,914 SF
- Zone code
- R114
- Property type
- Retail space
- APN
- DANV M:056 L:006 P:
- APU
- DANVM056L006P
Description
This exceptional 6,950-square-foot retail space is ideally situated on Andover Street (Route 114) in Danvers, MA, offering unparalleled visibility and accessibility just off I-95. Boasting a large, open floor plan with impressive 12'-14' wall heights, the property includes a functional warehouse area complete with a loading dock, private offices, and two ADA-compliant restrooms. Benefit from a high-traffic location within one of the North Shore's most active retail corridors, experiencing an average daily traffic count exceeding 44,000 vehicles. The property's strategic placement is further enhanced by its proximity to a collection of high-quality retail establishments. Stand-out signage opportunities abound, including a prominent lighted pylon sign at the signalized entrance and excellent building frontage signage. Ample parking is available with 110 shared spaces conveniently located at both the front and rear of the property. Recent upgrades include a modernized HVAC system prioritizing fresh air circulation and enhanced filtration, resulting in improved air quality and reduced operating costs. The fire alarm system has also been recently upgraded. NNN expenses are estimated at $4 per square foot. A favorable lease structure is offered, featuring a 5-year step-up lease with multiple 5-year options. The space is delivered as a "vanilla box," allowing for tenant-specific interior modifications. The property sits on a 2.35-acre lot and was built in 1945. The building is a single-story, free-standing structure with 110V power and R114 zoning.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Danvers
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.967
- Latitude
- 42.5556
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
