Property Listing No Longer Available for Sale

240 Newbury Street, Danvers, MA

Industrial for Sale - $1,500,000 - 100,000 Sq. Ft. on 49299.44 acres


Property Info

CIMLS#754858
Location
  240 Newbury Street
  Danvers MA 01923
UpdatedFebruary 12th, 2015
TypeIndustrial
Price$1,500,000
Building100,000 Sq. Ft.
Land49299.44 acres

Property Description

This 1.435 acre parcel is suitable for a self storage multi story development project of approximately 100,000 gross SF and 75,000 net rentable SF. There is a 55' height restriction which would allow for four stories with a 25,000 - 30,000 SF footprint. Self storage facilities of this size generally only require 8-10 parking paces at their peak hours of operation.

Location Description:

Busy Route 1 retail location with 200'+ of frontage. Within a 5 mile radius the population is 115,000 in 44,447 households. The subject property is located on one of the strongest regional retail corridors and is surrounded by prominent retailers such as Walmart, Lowe's, Home Depot, Costco, Walgreens, CVS, McDonald's, Dunkin Donuts, and Public Storage etc. Also nearby are the Avalon Apartments, Aria Townhouses, and Hathorne Green Condominium residential developments. North Shore Community College, the Beverly Hospital in Danvers and the Ferncroft Corporate Center bring numerous employees within a 1.5 mile radius of the subject property on a daily basis.The zoning district is Industrial.

Highlights:

>> 40,000 +/- VPD Traffic Count

>> 1.435 Acres

>> Potential Curb Cut on Route 1 Southbound

>> Industrial Zoning District

>> As of Right Use


Financials

Sales Info:

>> Commision split: 1.5%