7 Brg St, Danvers, MA 01923-3807

This exceptional mixed-use property in Danvers, Massachusetts, presents a compelling investment or owner-occupant opportunity. Located at 7 Bridge Street, this property comprises two buildings situated on a 13,447 square foot lot, conveniently positioned off Route 62 near the Ryal Side split. The main building, a three-story multi-family structure, houses four apartments, each with separate electric and natural gas meters (where applicable). Hot water is included in the rent for all four apartments. The second building, located at 7.5 Bridge Street, offers approximately 3,442 square feet of commercial space, previously utilized as a business for over two decades. This space has a town-approved finding allowing for commercial use within the R2 (Residential) zoning. The property boasts sixteen off-street parking spaces. Its strategic location offers easy access to Route 62, approximately one mile from Route 128 to the west and about a mile from the Cummings Center and a Starbucks to the east. This value-add opportunity provides immediate rental income with potential for further growth and development. The asking price is $2,050,000.