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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
This property has recently undergone a price adjustment, creating an even more attractive opportunity to acquire a well-maintained, mixed-use building in the vibrant heart of downtown Danvers. This professionally managed property offers 4 total units, 2 first flr commercial spaces & 2 upper-level residential apartments, providing strong, diversified income potential for both investors & owner occupants. The street-level commercial suites offer excellent visibility, flexible layouts, & suitability for a wide range of office, retail, or service-based uses. The above 2 well-kept residential units appeal to long-term tenants seeking comfort & convenience. A rare advantage in the downtown district, the property includes ample off-street parking, enhancing desirability for both residential & commercial occupants. Ideally situated just steps from local shops, restaurants, & major commuter routes, this premier investment property delivers exceptional accessibility in this thriving community.
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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