55 Ferncroft Rd Danvers, MA 01923-4068
55 Ferncroft Road in Danvers, Massachusetts offers exceptional Class A office space in a five-story building totaling 85,924 square feet. Built in 1988 and renovated in 2016, this property provides a modern and efficient work environment. Multiple tenancy options are available, with a minimum divisible space of 3,005 square feet and a maximum contiguous space of 20,827 square feet. Currently, 37,166 square feet of space is vacant and ready for immediate occupancy. The building boasts ample parking, with a ratio of 3.92 spaces per 1,000 square feet. Its convenient location just off Route 1, adjacent to the Doubletree Hilton Hotel, and within walking distance of various restaurants, retail establishments, and fitness centers, makes it highly attractive to employees. The property's strategic location, approximately 20 miles equidistant from both downtown Boston and the New Hampshire border, offers easy access to a large and diverse talent pool via I-95 (Exit 50). This Essex County property presents a unique opportunity for businesses seeking a prestigious and easily accessible location in a thriving area. The property's modern amenities and convenient location combine to create an ideal workspace for a variety of businesses.
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55 Ferncroft Road, Danvers MA Business Service Center Corporate Office
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Norwin Technologies Company
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Life Solutions Group Financial Advisor
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Eco Friendly Junk Removal Waste Management Facility Hazardous Waste Disposal
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Conventus Media Business Management Consultant
-IA District TABLE 3 - TABLE OF DIMENSIONAL REQUIREMENTS - COMMERCIAL & INDUSTRIAL - (* see section 7.3 for Supplemental Provisions) approved by Town Meeting on Janaury 29, 2007 PARKING SETBACKS from HIGHWAY CORRIDOR (HC) 100 = Res. Use 50 = R-IA District 25 = all other 100 = Res. Use 50 = R-IA District 25 = all other NA 50= res. Property 20 = R-IA District…
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
HC · Danvers, MA-IA District TABLE 3 - TABLE OF DIMENSIONAL REQUIREMENTS - COMMERCIAL & INDUSTRIAL - (* see section 7.3 for Supplemental Provisions) approved by Town Meeting on Janaury 29, 2007 PARKING SETBACKS from HIGHWAY CORRIDOR (HC) 100 = Res. Use 50 = R-IA District 25 = all other 100 = Res. Use 50 = R-IA District 25 = all other NA 50= res. Property 20 = R-IA District COMMERCIAL IA (C-IA) COMMERCIAL III (C-III
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.