617-468-7436
5 Federal St, Danvers, MA for Sale
Medical - FOR SALE
1/12
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5 Federal St
Danvers, MA 01923
Danvers MA


HIGHLIGHTS

  • Projected gross income: $630,000 annually
  • Allows general and medical office uses
  • Excellent access to Route 128/I-95

OVERVIEW

5 Federal Street is a two-story, ±30,000 rentable square foot office building situated on 1.63 acres in Danvers, Massachusetts. Zoned Commercial C-3, the property allows for a broad range of general and medical office uses. The first floor is fully leased to Beth Israel Lahey Health, a nationally recognized healthcare provider and long-term tenant at the property since 2015. The second floor offers approximately 15,000 RSF of available space, ideal for owner-occupiers or investors seeking upside through lease-up.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Danvers Location near Rt 128 & I-95

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

162

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

C3

APN/PARCEL ID

DANV-000062-000000-000014D

ASK ABOUT THIS PROPERTY

Jeremy CyrierMANSARD COMMERCIAL PROPERTIESMore Info
617-468-7436

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Jeremy CyrierMANSARD COMMERCIAL PROPERTIESMore Info
617-468-7436

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