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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
PRICE ADJUSTMENT! Downtown Danvers Mixed-Use Investment - A rare chance to own a well-maintained, professionally managed mixed-use property in the heart of downtown Danvers. This income-producing building includes four units: two street-level commercial spaces and two residential apartments above, offering strong cash-flow potential and long-term investment value. The commercial spaces provide excellent visibility and flexible layouts suited for office, retail, or service type businesses. The spacious, well-kept apartments appeal to long-term tenants, while ample off-street parking adds a valuable downtown convenience. Just moments from restaurants, shops, public transportation, and major commuter routes, this property stands out in a highly desirable location. With a NEW PRICE ADJUSTMENT and a MOTIVATED SELLER, it offers exceptional value for investors and owner-occupants alike. Showings by appointment only.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,500 SF
Building Class
C
Year Built
1900
Price
$1,325,000
Price Per SF
$294.44
Percent Leased
64%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,200 SF
Building FAR
0.10
Lot Size
1.08 AC
Zoning
R1
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 21
- 1,600 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 21 | 1,600 SF | Office | Full Build-Out | Now |
1st Fl-Ste 21
| Size |
| 1,600 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Moderately walkable
70/100
Moderately drivable
70/100
Fairly bikeable
40/100
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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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
15 Cherry St




