15 Cherry St - Office FOR SALE


Danvers, MA 01923- Danvers MA
$1,325,000 USD
978-697-7855
15 Cherry St, Danvers, MA for Sale
$1,325,000 USD
Office - FOR SALE
1/16
null | Request Cap Rate

15 Cherry St
Danvers, MA 01923
Danvers MA


HIGHLIGHTS

  • 4 Units: 2 Commercial / 2 Residential
  • Ample Private Parking
  • Professionally Managed & Maintained
  • Excellent Downtown Location Near Major Highways

OVERVIEW

PRICE ADJUSTMENT! Downtown Danvers Mixed-Use Investment - A rare chance to own a well-maintained, professionally managed mixed-use property in the heart of downtown Danvers. This income-producing building includes four units: two street-level commercial spaces and two residential apartments above, offering strong cash-flow potential and long-term investment value. The commercial spaces provide excellent visibility and flexible layouts suited for office, retail, or service type businesses. The spacious, well-kept apartments appeal to long-term tenants, while ample off-street parking adds a valuable downtown convenience. Just moments from restaurants, shops, public transportation, and major commuter routes, this property stands out in a highly desirable location. With a NEW PRICE ADJUSTMENT and a MOTIVATED SELLER, it offers exceptional value for investors and owner-occupants alike. Showings by appointment only.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$294 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,000 SF

ZONING

R1

APN/PARCEL ID

043 380 032,DANV-000043-000000-000380

ASK ABOUT THIS PROPERTY

Stephen VelonisColdwell Banker Commercial RealtyMore Info
978-697-7855

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Stephen VelonisColdwell Banker Commercial RealtyMore Info
978-697-7855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.