INVESTMENT / OWNER OCCUPIED OPPORTUNITYw MIXED-USE DEVELOPMENT UPSIDE
13-15 Elm Street, Danvers MA
The Mega Group is pleased to make available this inline retail investment opportunity in downtown Danvers MA, featuring two (2) retail units with a re-development upside. Each tenant has their own electric, natural gas and water meters. The Subject Property is a 4,644 +/- square foot single-level retail building with a full basement for dry storage having been built around 1910, parking behind, and situated on 5,333 +/- square feet of land.
In addition to the parking on-site, there is an extraordinary amount of parking available in downtown Danvers both on street and in one of the seven municipal parking lots, one of which almost abuts the subject property.
13 Elm tenant is vacating August of 2023 creating an owner occupant opportunity, 15 Elm tenant is in a longer-term lease. Great location for local or regional retail, professional office or service oriented uses.
13-15 Elm Street is within the newly zoned the Danvers Town Center Core District (DTC-C). The general purpose of the Danvers Town Center – Core District (DTC-C) is to promote the historic character of Danvers’ traditional civic and central business district and ensure that new reinvestment enhances this vibrant, authentic, connected, and resilient Town center. The following standards are intended to enhance the traditional central business district and provide opportunities for moderate scale commercial, institutional, residential, and mixed-use buildings; the production of moderate density housing forms that are compatible with the historic character of the urban core; and a supporting Public Realm with convenient access multiple modes of transportation, and an attractive pedestrian environment with active streetscapes and open spaces.
Parking Study Memorandum
Zoning Bylaws Zoning Bylaws
Section 19 Section 18
Current and historical deed and plan references refer to and with the benefits of a party wall agreement, rights and easements.