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    Property profile & analytics
    OFF-MARKET Estimated value $980,000
    Showrooms

    140 Commonwealth Ave, Danvers, MA 01923-3629

    32,382 SF 3.55 ac lot Built 1984
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US38-2301197
    Property summary
    AI-generated overview

    This exceptional 1,900-square-foot medical office space is now available for lease. Ideally situated on a main thoroughfare with high visibility and traffic flow from both Danvers and Peabody, this single-tenant property offers unparalleled convenience and accessibility. The building features a professionally managed and maintained landscape, enhancing its curb appeal and creating a welcoming environment for patients and staff. Inside, the space boasts seven patient rooms, two bathrooms, and a spacious waiting area, perfectly configured for a medical practice. The building is equipped with an elevator and is fully handicapped accessible, ensuring compliance with ADA standards. Updated common areas and two main entrances provide convenient access from either side of the building. Ample free parking is available on both sides, offering convenient parking for patients and staff. Currently operating as a doctor's office, this versatile space is also well-suited for a variety of other medical or related uses, including pediatric offices, spas, massage therapy businesses, laser hair removal clinics, and beauty and cosmetic practices. Prospective tenants are encouraged to conduct their own due diligence regarding permitted uses with the town. This is a turn-key opportunity in a high-traffic location.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1984
    Construction STEEL FRAME
    Total area 32,382 SF
    Lot 3.55 ac (154,638 SF)
    Zoning code C3
    APN DANV M:062 L:176 P:
    UPID US38-2301197
    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
    Current use
    Occupant on record · Public records
    • Barry Burrows Physician
    • Dr. Eric Young Dental Office
    • Joshua Shofner Physician Medical Clinic
    • Essex County OB/GYN Associates, Inc. - Danvers Admin Only Medical Clinic
    • Asthma & Allergy Affiliates: MacLean James A MD Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.37M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $980k
    Owner & transaction history
    Liberty Tree Medical LLC · 3 yrs held
    Liberty Tree Medical LLC
    since 2023
    Last sale
    $855,000
    2 recorded transactions
    2023
    $855,000
    2022
    $363,000
    Zoning & alternative use
    C3 · Danvers, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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