200 Endicott St Danvers, MA 01923
For Lease
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This exceptional 6,604-square-foot retail property at 200 Endicott Street in Danvers, Massachusetts, presents a unique investment opportunity. Situated on a 1.11-acre lot, this single-tenant building, constructed in 1992, boasts excellent visibility at the corner of Endicott and Sylvan Streets. The property offers 54 parking spaces, providing ample convenience for customers and employees. Its C3 zoning allows for a variety of uses, making it suitable for a range of businesses. The building's strategic location offers easy access to major transportation arteries, including proximity to Route 128 (within half a mile), I-95 (2.5 miles), and Route 1 (3 miles). The entire 6,604 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. The property's prominent location and abundant parking make it ideal for businesses seeking high visibility and customer accessibility. This is a rare opportunity to secure a well-located, spacious retail property in a thriving area of Danvers. The property's previous tenant was a Fidelity Investments branch, demonstrating its suitability for financial institutions or similar businesses. However, the versatile zoning allows for a wide range of retail uses, including restaurants and drive-through establishments.
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Fidelity Investments Financial Advisor
The purpose of this section of the Danvers Zoning By-Laws is to define a specific zoning district in the Endicott Street area and to regulate the future growth and development within the district based upon, and consistent with, the predominant development and land uses existing within the district in 1998, as well as redevelopment options.
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
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Property description
Physical attributes from public recordsZoning & alternative use
C3 · Danvers, MAThe purpose of this section of the Danvers Zoning By-Laws is to define a specific zoning district in the Endicott Street area and to regulate the future growth and development within the district based upon, and consistent with, the predominant development and land uses existing within the district in 1998, as well as redevelopment options.
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.