200 Endicott StDanvers, MA 01923

Property Details for 200 Endicott St

Year built

1992

Construction

FRAME

Lot size

0.88 AC

Property size (Sq ft)

6,604 SF

Zone code

C3

Property type

Office buildings

APN

DANV M:062 L:005 P:

APU

DANVM062L005P

Description

This exceptional 6,604-square-foot retail property at 200 Endicott Street in Danvers, Massachusetts, presents a unique investment opportunity. Situated on a 1.11-acre lot, this single-tenant building, constructed in 1992, boasts excellent visibility at the corner of Endicott and Sylvan Streets. The property offers 54 parking spaces, providing ample convenience for customers and employees. Its C3 zoning allows for a variety of uses, making it suitable for a range of businesses. The building's strategic location offers easy access to major transportation arteries, including proximity to Route 128 (within half a mile), I-95 (2.5 miles), and Route 1 (3 miles). The entire 6,604 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. The property's prominent location and abundant parking make it ideal for businesses seeking high visibility and customer accessibility. This is a rare opportunity to secure a well-located, spacious retail property in a thriving area of Danvers. The property's previous tenant was a Fidelity Investments branch, demonstrating its suitability for financial institutions or similar businesses. However, the versatile zoning allows for a wide range of retail uses, including restaurants and drive-through establishments.

• CAP approach

  CAP return

  Valuation

  6%

  $1,091,838

  6.5%

  $1,007,851

  7%

  $935,862

• Comparable approach

  Method

  Valuation

  Relative Method

  $862,879

  Geo Method

  $862,879

• Alternative Use

  Use

  Valuation

  Residential

  $1,249,735

  Hospitality

  $1,144,751

  Educational

  $952,419

  Medical

  $985,174

  Retail

  $1,481,541

Location Insight

City

Danvers

County

Essex

State

Massachusetts

Latitude

42.5477

Longitude

-70.9448

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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