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    Property profile & analytics
    OFF-MARKET Estimated value $865,000
    Investment properties

    9 Brg St, Danvers, MA 01923-3807

    2,936 SF 0.19 ac lot Built 1900
    Individually Owned 3-yr Hold
    Property ID
    US38-1820159
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1900
    Construction FRAME
    Total area 2,936 SF
    Lot 0.19 ac (8,255 SF)
    Zoning code R2
    APN DANV M:060 L:054 P:
    UPID US38-1820159
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cardtronics ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $820k
    CAP Approach CAP
    $915k
    Comparable Approach Comparable
    $873k
    Blend (final) Blend
    $865k
    Owner & transaction history
    9 Bridge RT · 3 yrs held
    9 Bridge RT
    since 2023
    Last sale
    $950,000
    7 recorded transactions
    2025
    2023
    $950,000
    2023
    2021
    $820,000
    2002
    2002
    $7,500
    1998
    $225,000
    Zoning & alternative use
    R2 · Danvers, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $705,000 +21.0%
    Retail stores $655,000 +12.3%
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