The Sylvan Street Portfolio 2 Office Properties in Danvers, MA

The Sylvan Street Portfolio presents an opportunity to acquire two office properties totaling approximately 28,936 square feet in Danvers, Massachusetts. Located along the Sylvan Street corridor adjacent to Liberty Tree Mall and near Route 128/I-95, the portfolio benefits from regional accessibility throughout Boston’s North Shore and proximity to established retail, professional, medical, and service-oriented businesses.
The primary asset at 152 Sylvan Street is a three-level office building situated on 2.38 acres within the Commercial C-3 zoning district. Constructed with a concrete slab foundation, steel frame, and brick exterior, the property offers durable construction, municipal utilities, a passenger elevator, rooftop HVAC systems, fire and smoke detection systems, and onsite parking for approximately 90 vehicles. The building is currently partially occupied, providing a combination of in-place income and leasing upside.
The companion property at 160 Sylvan Street consists of a professional office building positioned on approximately 0.46 acres. Originally constructed in 1898, the building features wood frame and masonry construction, municipal utility service, HVAC systems, fire and smoke detection, five restrooms, and onsite parking for approximately 20 vehicles. The property offers additional occupancy and repositioning potential within the same commercial corridor.
Together, the portfolio combines existing tenancy, available space, substantial parking capacity, and a location near major transportation routes and retail amenities. The Commercial C-3 zoning designation accommodates office and medical-related uses, supporting a range of owner-user, investment, or future leasing strategies.