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185 Centre St
Danvers, MA 01923
Office Property For Sale
Investment Highlights
- Conveniently located immediately off of I-195 and Route 1 with close proximity to a variety of restaurants, and a 8 minute drive from North Shore Mall
- Immediate access to I-95 and Route 1 for superior regional connectivity.
- Fully sprinklered building equipped with passenger elevator and municipal utilities.
- Two-story office building with an updated HVAC system as of May 2026.
- 62 surface parking spaces supporting tenant and visitor access.
- Situated near North Shore Mall and Liberty Tree Mall, offering abundant dining and retail options.
Executive Summary
185 Centre Street presents a two-story office building located in Danvers, Massachusetts, offering an exceptional opportunity for both investors and owner-occupants. The property spans 19,200 square feet on a 2.63-acre parcel, providing finished office space across two levels and additional storage in the basement. The building benefits from a modern design, full sprinkler system, and a recent upgrade of HVAC units completed in May 2026.
Conveniently situated immediately off I-95 and Route 1, the location ensures excellent regional connectivity and drive-time advantages to nearby commercial destinations, including Liberty Tree Mall and North Shore Mall just minutes away. Tenancy includes long-term occupants with leases extending through 2029, creating income stability with potential owner-use flexibility for part of the building. With ample parking for 62 vehicles and municipal utilities, 185 Centre Street offers a well-maintained asset ideal for leveraging continued growth in the North Shore marketplace.
Conveniently situated immediately off I-95 and Route 1, the location ensures excellent regional connectivity and drive-time advantages to nearby commercial destinations, including Liberty Tree Mall and North Shore Mall just minutes away. Tenancy includes long-term occupants with leases extending through 2029, creating income stability with potential owner-use flexibility for part of the building. With ample parking for 62 vehicles and municipal utilities, 185 Centre Street offers a well-maintained asset ideal for leveraging continued growth in the North Shore marketplace.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
19,200 SF
Building Class
B
Year Built
2004
Price
$4,850,000
Price Per SF
$252.60
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,600 SF
Slab To Slab
13’
Building FAR
0.20
Lot Size
2.26 AC
Zoning
HC
Parking
75 Spaces (3.91 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | DANV-000040-000000-000004B | Improvements Assessment | $2,501,100 |
| Land Assessment | $1,152,400 | Total Assessment | $3,653,500 |
Property Taxes
Parcel Number
DANV-000040-000000-000004B
Land Assessment
$1,152,400
Improvements Assessment
$2,501,100
Total Assessment
$3,653,500
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