185 Centre St - Office FOR SALE


Danvers, MA 01923- Danvers MA
$4,850,000 USD
617-951-4147
185 Centre St, Danvers, MA for Sale
$4,850,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

185 Centre St
Danvers, MA 01923
Danvers MA


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
  • Two-story office building with an updated HVAC system as of May 2026.
  • Immediate access to I-95 and Route 1 for superior regional connectivity.
  • 62 surface parking spaces supporting tenant and visitor access.
  • Fully sprinklered building equipped with passenger elevator and municipal utilities.
  • Situated near North Shore Mall and Liberty Tree Mall, offering abundant dining and retail options.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

HC

APN/PARCEL ID

DANV-000040-000000-000004B

ASK ABOUT THIS PROPERTY

Rob CroninLincoln Property CompanyMore Info
617-951-4147

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Rob CroninLincoln Property CompanyMore Info
617-951-4147

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