Catylist ID:
#30331626
3.9 Acre Development Opportunity - Danvers, MA
Vacant Land
for Sale
| Catylist Listing ID: | 30331626 |
| Property Subtypes: | Office, Retail, Self Storage |
| Gross Land Area: | 3.90 Acres |
| Sale Price: | $4,900,000 |
| Unit Price: | $1,256,410 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/14/2022 |
Overview / Comments
|
153-B Andover Street is an interior lot of approximately 3.9 acres with shared access along a common road off Andover Street, Danvers, MA. This is a rare opportunity to purchase 3.9+/- acres of land in the heavily traveled commercial retail corridor of Route 114 off Exit 47 along I-95. The property is currently used for vehicle storage for approximately 400 cars for a local auto dealership. There are utilities at the site and site is currently improved with asphalt, granite curbing, landscaped islands and stormwater catch basins. The land is located in the RT114-A zoning district which allows for the development of many commercial uses, including; Retail Sales, Medical Office, Professional Office, Warehouse Self Storage, Restaurant and many others. |
Attachments & Media
Additional Details
| Nearest MSA: | Boston-Cambridge-Newton |
| County: | Essex |
| Taxing Authority: | City of Danvers MA |
| Tax ID/APN: | 055/015/01B |
| Zoning: | RT114-A |
| Property Located Between: | Boston, MA and Portsmouth, NH |
| Property Visibility: | Good |
| Largest Nearby Street: | Route 114 |
| Traffic/Vehicle Count: | 36,000 |
| Highway Access: | Excellent Highway Access from I-95 Exit 47A and 47B. |
| Airports: | Boston Logan Airport |
| Site Description: | The topography of the land is level with an existing surface parking lot for 400+/- cars. The property is adjacent to Lowe's and is currently being used for vehicle storage for a local auto dealership. |
| Area Description: | The property is adjacent to Lowe's with other prominent national retailers nearby. The immediately surrounding area is home to many national and regional auto dealerships located along Route 114. |
| Lot Frontage: | Interior |
| Zoning Description: | RT114-A |
| Topography: | Level |
| Available Utilities: | Electric, Water, Gas, Sewer, Cable |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,359 | 78,470 | 195,161 |
| Median Age: | 55.89 | 44.52 | 42.19 |
| Households: | 4,692 | 31,810 | 79,251 |
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