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Investment Highlights
- 4 Units: 2 Commercial / 2 Residential
- Professionally Managed & Maintained
- Ample Private Parking
- Excellent Downtown Location Near Major Highways
Executive Summary
Downtown Danvers Investment Opportunity-Mixed-Use Property. A rare opportunity to own this well-maintained professional building ideally located in the vibrant center of downtown Danvers. This professionally managed property features four total units - two commercial spaces on the first floor & two residential apartments above-offering a strong income potential for investors or owner-occupants. Both commercial suites are ideal for office, retail, or service-based businesses, benefiting from excellent street visibility & flexible layouts suitable for a variety of uses. The upper-level residential units are spacious & well-kept, appealing to long-term tenants. Ample off-street parking adds significant appeal for both residential & commercial tenants - a rare asset in the downtown area. Situated just steps from local shops, restaurants, public transportation, & major commuting routes, this premier investment property offers exceptional convenience.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,500 SF
Building Class
C
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,200 SF
Building FAR
0.10
Lot Size
1.08 AC
Zoning
R1
Parking
12 Spaces (2.67 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,129,500 | |
| Land Assessment | $0 | Total Assessment | $1,129,500 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$1,129,500
Total Assessment
$1,129,500
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15 Cherry St
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