OFFICE BUILDING or MULTI-FAMILY RE-DEVELOPMENT OPPORTUNITY
92.5 High Street, Danvers MA
The Mega Group has available this nicely located circa 1840 commercial building in downtown Danvers with off-street parking for six (6) vehicles, about 1,533 +/- square feet in rentable square feet situated on 4,369 +/- square feet of land. The building itself is fully-tenanted and in fantastic condition, two stories and expandable, featuring three (3) offices on the second floor and two (2) offices and common bathroom on the main level. The basement is exceptionally clean and consists of dry storage, forced air heating system, hot water heater and electric panel. This property has a myriad of potential uses from existing, as both owner-occupied or investment, to converting the property as a whole into apartments or live-work. Current location of Walsh Chiropractic who are relocating but remaining in Danvers.
92.5 High Street is on Route 35, less than a quarter-mile from the junction of Route 128, within the newly zoned High Street Mixed-Use Corridor District (HSMUC).
The purpose of the HSMUC District is to retrofit and transform from an auto- oriented highway commercial corridor into an attractive, walkable, mixed use district that creates an attractive gateway to Downtown Danvers, provides incentive for property reinvestment, and is complimentary to adjacent neighborhoods, subject to all applicable provisions of Section 21 of the newly zoned district.
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