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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

Downtown Danvers Investment Opportunity-Mixed-Use Property. A rare opportunity to own this well-maintained professional building ideally located in the vibrant center of downtown Danvers. This professionally managed property features four total units - two commercial spaces on the first floor & two residential apartments above-offering a strong income potential for investors or owner-occupants. Both commercial suites are ideal for office, retail, or service-based businesses, benefiting from excellent street visibility & flexible layouts suitable for a variety of uses. The upper-level residential units are spacious & well-kept, appealing to long-term tenants. Ample off-street parking adds significant appeal for both residential & commercial tenants - a rare asset in the downtown area. Situated just steps from local shops, restaurants, public transportation, & major commuting routes, this premier investment property offers exceptional convenience.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,500 SF
Building Class
C
Year Built
1900
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

Property Taxes

Parcel Numbers
Multiple
  • DANV-000043-000000-000380
  • 043 380 032
Land Assessment
$0 CAD
Improvements Assessment
$1,589,206 CAD
Total Assessment
$1,589,206 CAD
  • Listing ID: 37916070

  • Date on Market: 2025-10-02

  • Last Updated:

  • Address: 15 Cherry St, Danvers, MA 01923

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