75 Newbury St Danvers, MA 01923-1083
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.
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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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC · Danvers, MADanvers. Always verify with local authorities before improvements.
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.