Property summary
This 10,857 square foot commercial building in Danvers, MA, is ideally situated on Route 1, boasting daily traffic exceeding 31,000 vehicles. Its prime location directly across from a Home Depot ensures exceptional visibility and accessibility. The property features two renovated bathrooms, a conference room, a convenient loading dock, and a side garage door, offering versatile functionality. Currently configured as a church, the space will be available after the end of April, with flexible move-in dates to accommodate various business needs. The current lease rate is $16 per square foot, with $5.10 per square foot in NNN expenses. The property's substantial size allows for the possibility of dividing the space to suit multiple tenants. This presents a unique opportunity for businesses seeking a high-visibility location with ample room for growth and expansion. The property's diverse features, including the loading dock and garage door, make it suitable for a range of commercial uses, including retail, industrial, and restaurant operations. Its flexible layout and prime location in Danvers, MA (zip code 01923, 75 Newbury St) offer significant potential for success.
Property profile
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement Kitchen & Bath Showroom
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Alternative Medicine Practice Spa & Massage Center
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(Bike/Boat/Book/etc) Store Bakery
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Medical Clinic
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Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
-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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
-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…
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