140 Commonwealth Ave, Danvers, MA 01923-3629
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.
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Barry Burrows Physician
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Dr. Eric Young Dental Office
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Joshua Shofner Physician Medical Clinic
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Essex County OB/GYN Associates, Inc. - Danvers Admin Only Medical Clinic
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Asthma & Allergy Affiliates: MacLean James A MD Physician Medical Clinic
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
C3 · 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.