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185 Centre St 19,200 SF 100% Leased Office Building Danvers, MA 01923 $6,905,091 CAD ($359.64 CAD/SF)
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
$6,905,091 CAD
Price Per SF
$359.64 CAD
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)
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | DANV-000040-000000-000004B | Improvements Assessment | $3,540,882 CAD |
| Land Assessment | $1,631,487 CAD | Total Assessment | $5,172,370 CAD |
Property Taxes
Parcel Number
DANV-000040-000000-000004B
Land Assessment
$1,631,487 CAD
Improvements Assessment
$3,540,882 CAD
Total Assessment
$5,172,370 CAD
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185 Centre St
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