99 Conifer Hill DrDanvers, MA 01923

Property Details for 99 Conifer Hill Dr

Year built

2003

Construction

STEEL FRAME

Lot size

3.69 AC

Property size (Sq ft)

64,091 SF

Zone code

HC

Property type

Office buildings

APN

DANV M:019 L:001 P:

APU

DANVM019L001P

Description

This exceptional Class A office building, located at 99 Conifer Hill Drive in Danvers, Massachusetts, offers 18,838 square feet of immediately available space within a larger 61,250 square foot building. The property boasts a desirable executive office subtype, suitable for a variety of businesses. Situated on a 3.69-acre lot, the three-story building provides ample parking with 242 spaces. The building features robust power infrastructure, including 1,600 amps / 480 Vac, 3-phase power. Its strategic location on Route 1, adjacent to the Interstate 95 interchange, ensures excellent accessibility and visibility. The Highway Corridor zoning allows for flexibility in potential uses. The building's proximity to numerous restaurants, hotels, and retail establishments provides added convenience for employees and clients. This presents a unique opportunity to secure high-quality office space in a thriving location within Essex County. The building is currently multi-tenant, offering the potential for expansion or consolidation depending on business needs. Up to 22,000 square feet may be available. The property's design allows for potential conversion to medical or laboratory use, subject to necessary approvals. The zip code is 01923.

• CAP approach

  CAP return

  Valuation

  6%

  $10,596,157

  6.5%

  $9,781,068

  7%

  $9,082,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,374,130

  Geo Method

  $8,374,130

• Alternative Use

  Use

  Valuation

  Residential

  $12,128,524

  Hospitality

  $11,109,663

  Educational

  $9,243,109

  Medical

  $9,560,994

  Retail

  $14,378,170

Location Insight

City

Danvers

County

Essex

State

Massachusetts

Latitude

42.5878

Longitude

-70.9646

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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