164 Sylvan St - Storefront Retail/Office FOR SALE


Danvers, MA 01923- Danvers MA
$1,000,000 USD
978-726-1768
164 Sylvan St, Danvers, MA for Sale
$1,000,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 4.72% Cap Rate

164 Sylvan St
Danvers, MA 01923
Danvers MA


HIGHLIGHTS

  • Heavy Traffic flow
  • Building built new in 1999
  • 3 bathrooms finished basement

OVERVIEW

Now available for acquisition is a single-tenant commercial property leased to a national optometrist under a 5-year lease with an additional 5-year renewal option, offering long-term stability and predictable income. The asset is priced at $1,000,000 and delivers a cap rate of 4.72%, making it an attractive opportunity for investors seeking a secure, net-leased investment with a reputable tenant.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

4.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

Res 1, Danvers

APN/PARCEL ID

DANV-000062-000000-000007

ASK ABOUT THIS PROPERTY

Shawn BladesIan Handel Real Estate LLCMore Info
978-726-1768

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Shawn BladesIan Handel Real Estate LLCMore Info
978-726-1768

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