13 Elm St Danvers, MA 01923-2809
This exceptional Danvers, MA property presents a unique opportunity for lease or owner-occupancy. Located at 13 Elm Street, this single-tenant retail space boasts 2,746 square feet on the ground floor of a 4,644 square foot building situated on a 5,332 square foot lot. The space features approximately 26 feet of high glass frontage, ideal for showcasing your business. A full basement provides valuable dry storage. Two handicap-accessible bathrooms are included. Each tenant has independent electric, natural gas, and water meters. The property is zoned DTC-C and benefits from its proximity to three municipal parking lots within 100 feet, supplemented by abundant on-street parking in downtown Danvers. This location is perfect for restaurants, retail businesses, professional offices, or service-oriented enterprises. Standard NNN lease terms are available, or the property can be purchased by an owner-occupant, potentially qualifying for financing with as little as 10% down. Note that an adjacent property, 15 Elm Street, generates additional income with a long-term lease in place until August 2027. This presents a compelling investment opportunity in a thriving downtown area. The building consists of one story.
-
In Motion Fitness Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Danvers, MADanvers. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.