18 Water St 5,208 SF Retail Building Danvers, MA 01923 $935,000 ($179.53/SF)
EXECUTIVE SUMMARY
The Mega Group has available for SALE or LEASE this 5,208 +/- square foot single-tenant commercial building with off-street parking for four vehicles in the Danversport section of town. The subject property is 3,565 +/- rentable square feet on the street level with a 1,643 square foot heated loft space above, built in 1981, the open-concept front retail portion features 10' suspended ceilings and 7' suspended ceilings rear portion with two private offices and two (2) restrooms. The loft is wide-open space accessible from both the interior and exterior. The building features a sun-filled entryway is 5' glass folding double doors between four 7' glass panels, side delivery door and has had two-way signage in the past.
Location is 18 Water Street, Danvers Massachusetts, the major commercial route between Salem Depot and Routes 114/128. Zoning is R1 (Residential) in a business district, with a history of Retail uses allowed as a protected nonconforming use.
Location is 18 Water Street, Danvers Massachusetts, the major commercial route between Salem Depot and Routes 114/128. Zoning is R1 (Residential) in a business district, with a history of Retail uses allowed as a protected nonconforming use.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,208 SF
Building Class
B
Year Built
1981
Price
$935,000
Price Per SF
$179.53
Tenancy
Single
Building Height
2 Stories
Building FAR
0.54
Lot Size
0.22 AC
Zoning
R1 - Zoning is R1 (Residential) in a business district, with a history of Retail uses allowed as a protected nonconforming use.
Parking
4 Spaces (0.77 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | DANV-000059-000000-000130 | Improvements Assessment | $115,300 |
| Land Assessment | $273,700 | Total Assessment | $389,000 |
