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    140 Commonwealth Ave Danvers, MA 01923-3629

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    140 Commonwealth Ave Danvers, MA 01923-3629


    • Showrooms
    • 32,382 SF
    • 3.55 lot acres
    Off-Market
    Last Sale Jun 15, 2023
    $855,000
    Property ID
    US38-2301197
    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.

    Value Estimations
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 140 Commonwealth Ave

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    3.55 lot acres
    Property size
    32,382 SF
    Zone code
    C3
    Property type
    Showrooms
    APN
    DANV M:062 L:176 P:
    APU
    DANVM062L176P

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $835,000
      ML approach
      $1,365,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Danvers
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9444
    Latitude
    42.5525
    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
    $125,351
    $4,175,200
    $2,564,100
    $6,739,300
    -
    $0.00
    $0.00
    $0.00
    More about this property
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