92 High StDanvers, MA 01923

Property Details for 92 High St

Year built

1840

Construction

FRAME

Lot size

0.14 AC

Property size (Sq ft)

2,377 SF

Zone code

I1

Property type

Investment properties

Property subtype

Live-work space

APN

DANV M:052 L:106 P:

APU

DANVM052L106P

Description

This exceptional circa 1840 commercial building, located at 92 High Street in the heart of Danvers, MA, presents a unique investment opportunity. Situated on a 0.1-acre lot (4,369+/- sq ft), this two-story building offers approximately 1,533+/- rentable square feet. Currently fully tenanted, the property boasts six off-street parking spaces, a significant advantage in this desirable location. The building's interior is in excellent condition and features three private offices on the second floor and two private offices plus a common bathroom on the main level. A clean, dry basement provides ample storage space, along with the forced air heating system, hot water heater, and electrical panel. The property's versatility is a key selling point

• CAP approach

  CAP return

  Valuation

  6%

  $392,989

  6.5%

  $362,759

  7%

  $336,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $310,579

  Geo Method

  $310,579

• Alternative Use

  Use

  Valuation

  Residential

  $449,821

  Hospitality

  $412,034

  Educational

  $342,807

  Medical

  $354,597

  Retail

  $533,256

Location Insight

City

Danvers

County

Essex

State

Massachusetts

Latitude

42.5602

Longitude

-70.9309

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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