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92 1/2 High St

1,533 SF 100% Leased Office Building Danvers, MA 01923 $574,999 ($375/SF)

Investment Highlights

  • Off-street parking for six (6) vehicles
  • Fully-tenanted and in fantastic condition

Executive Summary

The Mega Group has available this nicely located circa 1840 commercial building in downtown Danvers with off-street parking for six (6) vehicles. The building itself is fully-tenanted and in fantastic condition, two stories and expandable, featuring three (3) private offices on the second floor and two (2) private offices and common bathroom on the main level. The basement is exceptionally clean and consists of dry storage, forced air heating system, hot water heater and electric panel. This property has a myriad of potential uses from existing, as both owner-occupied or investment, to converting the property as a whole into apartments or live-work. Current location of Walsh Chiropractic who are relocating but remaining in Danvers. All tenants are TAW, showings are best arranged on Tuesdays & Thursdays.
92.5 High Street is on Route 35, less than a quarter-mile from the junction of Route 128, within the newly zoned High Street Mixed-Use Corridor District (HSMUC).
The purpose of the HSMUC District is to retrofit and transform from an auto- oriented highway commercial corridor into an attractive, walkable, mixed use district that creates an attractive gateway to Downtown Danvers, provides incentive for property reinvestment, and is complimentary to adjacent neighborhoods, subject to all applicable provisions of Section 21 of the newly zoned district.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,533 SF
Building Class
C
Year Built
1840
Price
$574,999
Price Per SF
$375
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
766 SF
Building FAR
0.35
Lot Size
0.10 AC
Zoning
HSMUC - Within the newly zoned High Street Mixed-Use Corridor District (HSMUC).
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
DANV-000052-000000-000106A
Land Assessment
$370,900
Improvements Assessment
$117,900
Total Assessment
$488,800
  • Listing ID: 32561588

  • Date on Market: 7/23/2024

  • Last Updated:

  • Address: 92 1/2 High St, Danvers, MA 01923

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