195 Andover St Danvers, MA 01923
- Commercial real estate
- 1.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 195 Andover St
- Year built
- 2024
- Lot size
- 1.50 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in Danvers, MA. Strategically located at the intersection of Route 1 Northbound and Route 114 Westbound, this property enjoys unparalleled visibility and accessibility. Currently undeveloped, the gently sloping, wooded site offers significant potential for large-scale development, perfectly suited to the Highway Corridor Zone (HCZ) regulations. The HCZ zoning encourages creative site planning to enhance the area's aesthetics and economic vitality. The property benefits from a non-perennial stream at its base. This high-traffic location is surrounded by major retailers, including Costco, Home Depot, Walmart, Lowe's, numerous car dealerships, hotels, and restaurants, ensuring high consumer traffic and brand recognition. A significant added benefit is the existing on-site advertising billboard at the corner of Routes 1 & 114, generating supplemental income. This property offers a rare chance to capitalize on a prime location within a thriving commercial corridor. The site's size and zoning make it ideal for a variety of commercial ventures, promising substantial returns on investment. The seller is seeking $600,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Danvers
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.97585
- Latitude
- 42.56132
