15 Cherry Street #21,22,23,24 Danvers, MA
$1,525,000
Square Feet 4,645
Acres 0.10
Description
Downtown Danvers Investment Opportunity-Mixed-Use Property. A rare opportunity to own this well-maintained professional building ideally located in the vibrant center of downtown Danvers. This professionally managed property features four total units - two commercial spaces on the first floor & two residential apartments above-offering a strong income potential for investors or owner-occupants. Both commercial suites are ideal for office, retail, or service-based businesses, benefiting from excellent street visibility & flexible layouts suitable for a variety of uses. The upper-level residential units are spacious & well-kept, appealing to long-term tenants. Ample off-street parking adds significant appeal for both residential & commercial tenants - a rare asset in the downtown area. Situated just steps from local shops, restaurants, public transportation, & major commuting routes, this premier investment property offers exceptional convenience. Showings by appointment only.
Listed by Coldwell Banker Realty - Lynnfield, Stephen Velonis
Details
MLS 73438789
Status Active
Price $1,525,000
DOM 108 days
Type Commercial
Square Feet 4,645 sqft
Lot Size 0.10 acres
Year Built 1900
Lot & Building Features
Tax Year 2025
Taxes Paid $18,926
Roof Asphalt/Composition Shingles
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Financing
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6.75%
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per month
Principal & Interest
Monthly Taxes
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.

