120 Andover St, Unit 3 Danvers, MA 01923
Property Lookup
Property profile & analytics
120 Andover St, Unit 3 Danvers, MA 01923
- Retail space
- 33,914 SF
- 2.35 lot acres
Property ID
US38-0522677
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.
Location Intelligence
Current Use by Public Records
- Light 'N Leisure The Purple Buildings / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement
- Guitar Center / (Bike/Boat/Book/etc) Store
- Twisted Fate Brewing / Production Facility / Brewery & Distillery
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 Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,699,000
Market price range: $4.69M - $11.2M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,715,000
Get a detailed, property-specific estimation — fast and free
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
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
$86,291
$2,387,200
$2,252,100
$4,639,300
-
$0.00
$0.00
$0.00
