Owner-User or Campus Investment Opportunity | Prime Danvers Location near Rt 128 & I-95

Highlights

Description

Highly accessible office campus opportunity in Danvers, Massachusetts with direct connectivity to Route 128, I-95, and Route 1, offering convenient access to Greater Boston, Logan Airport, and surrounding North Shore communities. The property is comprised of 5 Federal Street, 152 Sylvan Street, 160 Sylvan Street and 7 Wolcott Street. The parcels are situated in a well-established business corridor near major employers, including Lahey Health, Medtronic, and North Shore Community College, which supports a strong professional labor pool. Nearby amenities include Liberty Tree Mall, TD Bank, Citizens Bank, Lifetime, and national retailers such as Home Depot, Kohl’s, Staples, Best Buy, and Marshalls, along with dining options like Chipotle, Panera Bread, Buffalo Wild Wings, Texas Roadhouse, and Dunkin'. Public transportation is available via MBTA bus service, with commuter rail stations located within a 10-minute drive. Ideal for professional office, medical, or service-based users seeking a central location with excellent infrastructure, workforce accessibility, and proximity to key services.

Located adjacent to Liberty Tree Mall with excellent access to Route 128/I-95, the property offers high visibility and strong accessibility within a key North Shore commercial corridor. The building is constructed with a concrete slab and steel frame, featuring brick exterior walls, a TPO membrane roofing system, and 120 surface parking spaces.

Additional building features include:

One passenger elevator

Four restrooms (two per floor)

Rooftop gas-fired heating and electric A/C

Fully sprinklered

Municipal water, sewer, and gas

Projected gross income is $630,000 annually based on full lease-up at $16.50/SF for the second floor. Real estate taxes are $82,619, and net operating expenses (excluding utilities) total $113,200. Tenants pay separately metered gas and electric, and their proportionate share of any increases in taxes and operating costs.

This offering represents a compelling opportunity for an investor or owner-user to acquire a well-located, income-producing asset with stable tenancy and leasing upside in one of Danvers' most accessible and amenity-rich submarkets.

Available for immediate lease is ±15,000 RSF of second-floor office space at 5 Federal Street, a well-located professional office building in the heart of Danvers' commercial district. The property is situated on 1.63 acres and zoned Commercial C-3, allowing for a variety of office and medical uses.

The building is anchored by Beth Israel Lahey Health, which has occupied the entire first floor since 2015. The available second floor is serviced by a passenger elevator, features two dedicated restrooms, and offers flexible floor configurations for single or multi-tenant occupancy.

Ideal for medical, professional services, or administrative office users seeking a central North Shore location with strong infrastructure and co-tenancy.

Highly accessible office location in Danvers with direct connectivity to Route 128, I-95, and Route 1, offering convenient access to Greater Boston, Logan Airport, and surrounding North Shore communities. The property is situated in a well-established business corridor near major employers, including Lahey Health, Medtronic, and North Shore Community College, which supports a strong professional labor pool. Nearby amenities include Liberty Tree Mall, TD Bank, Citizens Bank, Lifetime, and national retailers such as Home Depot, Kohl’s, Staples, Best Buy, and Marshalls, along with dining options like Chipotle, Panera Bread, Buffalo Wild Wings, Texas Roadhouse, and Dunkin'. Public transportation is available via MBTA bus service, with commuter rail stations located within a 10-minute drive. Ideal for professional office, medical, or service-based users seeking a central location with excellent infrastructure, workforce accessibility, and proximity to key services.

Documents

Units for Lease