Sold!
$1,025,000
0.35
Acres
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Property Description
Approved mixed-use development opportunity in the heart of downtown Danvers. The project consists of 9 total units, including 7 market-rate residential units, 1 affordable residential unit, and 1 commercial unit. The residential units are approximately 1,300 sq. ft. each and feature 2 bedrooms, 2.5 bathrooms, open floor plans, home office space, and in-unit laundry. The building is designed with modern amenities including elevator access, a fitness room, and covered parking for residents. The development also includes a 965 sq. ft. street-level commercial space, ideal for office or retail use. Prime downtown location close to local shops, restaurants, and amenities. Rare opportunity to deliver high-quality residential and commercial space in one of the North Shore’s most desirable communities.
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Highlights
- Property Class: Land
- Status: Closed
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Additional Details
- Lot Features: Level
- Zoning: R1
- Road Frontage Type: Public
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School
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Utilities
- Electric: On-Site
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $593,900
- Taxes: $6,527
- Tax Year: 2025
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Listing information provided courtesy of J. Barrett & Company.
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