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$ 1,325,000
Est. payment /mo
Price Dropped by $65K
15 Cherry Street #21, 22, 23, 24 Danvers, MA 01923
4,645 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,645 sqft
Price per Sqft $285
MLS Listing ID 73438789
HOA Y/N false
Year Built 1900
Annual Tax Amount $18,926
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Description
PRICE ADJUSTMENT! Downtown Danvers Mixed-Use Investment - A rare chance to own a well-maintained, professionally managed mixed-use property in the heart of downtown Danvers. This income-producing building includes four units: two street-level commercial spaces and two residential apartments above, offering strong cash-flow potential and long-term investment value. The commercial spaces provide excellent visibility and flexible layouts suited for office, retail, or service type businesses. The spacious, well-kept apartments appeal to long-term tenants, while ample off-street parking adds a valuable downtown convenience. Just moments from restaurants, shops, public transportation, and major commuter routes, this property stands out in a highly desirable location. With a new price adjustment and a motivated seller, it offers exceptional value for investors and owner-occupants alike. Showings by appointment only.
Location
State MA
County Essex
Area Danvers Center
Zoning R1
Direction Maple Street to Cherry Street
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
Listed by Coldwell Banker Realty - Lynnfield