99 Conifer Hill Dr Danvers, MA 01923
- Office buildings
- 64,091 SF
- 3.69 lot acres
Current Use by Public Records
- benefactor / Consultant
- Haley Norrgard, Counselor / Marriage Or Relationship Counselor / Mental Health Clinic
- Teddie Hunt, Counselor / Psychiatrist / Child Psychologist
- Gabriel Merlin, M.D. / Orthopedic Surgeon / Health Care Facility
- Mortgage Network / Mortgage Lender
Property Details for 99 Conifer Hill Dr
- Year built
- 2003
- Construction
- STEEL FRAME
- Lot size
- 3.69 lot acres
- Property size
- 64,091 SF
- Zone code
- HC
- Property type
- Office buildings
- APN
- DANV M:019 L:001 P:
- APU
- DANVM019L001P
Description
This exceptional Class A office building, located at 99 Conifer Hill Drive in Danvers, Massachusetts, offers 18,838 square feet of immediately available space within a larger 61,250 square foot building. The property boasts a desirable executive office subtype, suitable for a variety of businesses. Situated on a 3.69-acre lot, the three-story building provides ample parking with 242 spaces. The building features robust power infrastructure, including 1,600 amps / 480 Vac, 3-phase power. Its strategic location on Route 1, adjacent to the Interstate 95 interchange, ensures excellent accessibility and visibility. The Highway Corridor zoning allows for flexibility in potential uses. The building's proximity to numerous restaurants, hotels, and retail establishments provides added convenience for employees and clients. This presents a unique opportunity to secure high-quality office space in a thriving location within Essex County. The building is currently multi-tenant, offering the potential for expansion or consolidation depending on business needs. Up to 22,000 square feet may be available. The property's design allows for potential conversion to medical or laboratory use, subject to necessary approvals. The zip code is 01923.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $11,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $12,505,000
- 6.5%
- $11,885,000
- 7%
- $11,125,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $11,465,000
- Geo Method
- $10,855,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,260,000
- Retail
- $13,970,000
- Mixed-Use
- $14,380,000
- Hospitality
- $14,735,000
- Educational
- $11,160,000
- Residential Income
- $13,655,000
- Energy
- $14,590,000
- Income-Based Land
- $14,125,000
- Food Service
- $11,305,000
Location Insight
- Map
- Local Demand
- City
- Danvers
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9646
- Latitude
- 42.5878
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA