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    FOR LEASE
    Investment properties

    128 Maple St, Danvers, MA 01923

    158,699 SF 2.91 ac lot Built 2023
    Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US38-1273371
    Property summary
    AI-generated overview

    Maple Square, located at 128 Maple Street in Danvers, Massachusetts (zip code 01923), offers a prime retail opportunity in Essex County. This 13,200 square foot commercial property features two available suites, providing flexible space options for prospective tenants. The minimum divisible space is 1,800 square feet, ideal for smaller businesses, while a maximum of 11,400 contiguous square feet is available for larger enterprises requiring more extensive space. Currently, the entire 13,200 square feet is vacant, presenting a unique chance to establish a presence in a desirable location. The property's classification is retail commercial with multiple tenancy. The property is situated at latitude 42.569557 and longitude -70.9427914. This presents a significant opportunity for businesses seeking high visibility and accessibility in a thriving market. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 2023
    Construction STEEL FRAME
    Total area 158,699 SF
    Lot 2.91 ac (126,681 SF)
    Zoning code I1
    APN DANV M:043 L:512 P:
    UPID US38-1273371
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $17.76M
    Blend (final) Blend
    $19.99M
    Owner & transaction history
    Aam Danvers Residences · 3 yrs held
    Aam Danvers Residences
    since 2022
    5 recorded transactions
    2022
    $2.6M
    2019
    2016
    2003
    1987
    Zoning & alternative use
    I1 · Danvers, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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