13-15 Elm St

4,644 SF 100% Leased Retail Building Danvers, MA 01923 $1,000,000 ($215.33/SF)

EXECUTIVE SUMMARY

The Mega Group is pleased to make available this inline retail investment opportunity in downtown Danvers MA, featuring two (2) retail units with a re-development upside. Each tenant has their own electric, natural gas and water meters. The Subject Property is a 4,644 +/- square foot single-level retail building with a full basement for dry storage having been built around 1910, parking behind, and situated on 5,333 +/- square feet of land.

In addition to the parking on-site, there is an extraordinary amount of parking available in downtown Danvers both on street and in one of the seven municipal parking lots, one of which almost abuts the subject property.

13-15 Elm Street is within the newly zoned the Danvers Town Center Core District (DTC-C). The general purpose of the Danvers Town Center – Core District (DTC-C) is to promote the historic character of Danvers’ traditional civic and central business district and ensure that new reinvestment enhances this vibrant, authentic, connected, and resilient Town center. The following standards are intended to enhance the traditional central business district and provide opportunities for moderate scale commercial, institutional, residential, and mixed-use buildings; the production of moderate density housing forms that are compatible with the historic character of the urban core; and a supporting Public Realm with convenient access multiple modes of transportation, and an attractive pedestrian environment with active streetscapes and open spaces.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,644 SF
Building Class
C
Year Built
1910
Price
$1,000,000
Price Per SF
$215.33
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.89
Lot Size
0.12 AC
Zoning
DTC-C - 13-15 Elm Street is within the newly zoned the Danvers Town Center Core District (DTC-C).
Parking
2 Spaces (0.43 Spaces per 1,000 SF Leased)
Frontage
49’ on Elm St

AMENITIES

  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 2,746 SF
  • Retail
  • In-Line
  • 30 Days

The Mega Group is pleased to make available this inline retail opportunity in downtown Danvers MA, gorgeous space with two handicap accessible bathrooms. Each tenant has their own electric, natural gas and water meters. The Premises is a 2,746 +/- square feet of a ground-level retail building with about 26 feet of high glass frontage and a full basement for dry storage. Three municipal parking lots within 100-feet of the subject property with an extraordinary amount of on-street parking as well. Great location for a restaurant, local or regional retail, professional office or service oriented uses. Standard NNN lease terms or owner occupant purchase. In addition to the parking on-site, there is an extraordinary amount of parking available in downtown Danvers both on street and in one of the many municipal parking lots, one of which almost abuts the subject property. 13 Elm Street is available for lease, or an owner occupant purchase opportunity that will qualify for special financing as low as 10% down. 15 Elm Street is additional income with a long-term tenant in place through August 2027.

Space Size Space Use Position Available
1st Floor 2,746 SF Retail In-Line 30 Days

1st Floor

Size
2,746 SF
Space Use
Retail
Position
In-Line
Available
30 Days
Walk Score®
Very Walkable (89)

NEARBY MAJOR RETAILERS

Bank of America
North Shore Bank
The YMCA
Salem Five
China Max
Buffalo Wild Wings
Goldfish Swim School
Sky Zone
Starbucks
Eastern Bank

PROPERTY TAXES

  • Listing ID: 34098188

  • Date on Market: 12/5/2024

  • Last Updated:

  • Address: 13-15 Elm St, Danvers, MA 01923