195 Andover St 1.5 Acres of Commercial Land Offered at $558,368 CAD in Danvers, MA 01923

The Mega Group has available for immediate acquisition commercially zoned land at the junction of Route 1 northbound & Route 114 westbound in Danvers Massachusetts. The subject property is known as 195 Andover Street and is 1.5 +/- acres in size within the Highway Corridor (HCZ) zoning district. The land area is an undeveloped, gently sloped wooded site with a non-perennial stream at its base. Area retailers include Costco, Home Depot, Walmart, and Lowes, as well as many automobile dealerships, hotels and restaurants. Additional income derived from an advertising billboard on-site at the corner of Routes 1 & 114.
The Highway Corridor Zone (HCZ) in Danvers was established to provide for large-scale development in a manner that encourages creative site planning in order to enhance the appearance and the economic health of that area of the Town of Danvers through which two major highways create a corridor with distinctive characteristics.