9 Brg St, Danvers, MA 01923-3807
This exceptional mixed-use property at 9 Bridge Street in Danvers, Massachusetts, presents a compelling investment opportunity. The offering includes a four-unit building: three residential units and a thriving convenience store/deli occupying the fourth unit. The convenience store currently holds transferable beer, wine, and lottery licenses, adding significant value to the acquisition. Located just off Route 62, at the Danvers/Beverly line near the Ryal Side split, this property benefits from ample off-street parking. Its central location provides easy access to the train station and major highways, enhancing its appeal to both residents and businesses. The property's potential for growth is further amplified by Danvers' evolving zoning regulations, offering possibilities for future development or expansion. The asking price is $1,449,000. Prospective buyers are advised to conduct their own due diligence with the Town of Danvers to confirm intended use and compliance with local ordinances. This value-add property is ideal for owner-operators seeking a hands-on investment or investors looking for a strong return on investment in a desirable Massachusetts location. The property's existing income stream, combined with its development potential, makes it a truly unique opportunity in the Essex County market. The zip code is 01923.
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Cardtronics ATM Atm
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
R2 · 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.