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18 Water St 5,208 SF Retail Building Danvers, MA 01923 $790,000 ($151.69/SF)
Investment Highlights
- Multiple access points including folding glass entry, side delivery door, and dual loft entrances.
- Direct frontage on a major commuter route connecting Salem and Danvers to Routes 114 and 128.
- Off-street parking available for up to four vehicles in tandem configuration.
Executive Summary
Price just reduced over $100,000.
The Mega Group has available FOR SALE ONLY this 5,208 +/- square foot single-tenant commercial building with off-street parking for four (4) tandem 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.
The Mega Group has available FOR SALE ONLY this 5,208 +/- square foot single-tenant commercial building with off-street parking for four (4) tandem 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.
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
$790,000
Price Per SF
$151.69
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)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | DANV-000059-000000-000130 | Improvements Assessment | $115,300 |
| Land Assessment | $273,700 | Total Assessment | $389,000 |
Property Taxes
Parcel Number
DANV-000059-000000-000130
Land Assessment
$273,700
Improvements Assessment
$115,300
Total Assessment
$389,000
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