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Downtown Danvers Mixed-Use Investment - Rare opportunity to own a well-maintained, professionally managed mixed-use property in the heart of downtown Danvers. This income-producing building features four units, including two street-level commercial spaces and two residential apartments above, offering strong cash-flow potential and long-term investment value. The commercial units benefit from outstanding visibility and flexible floor plans ideal for office, retail, or service use. The residential apartments are spacious, well-maintained, and attractive to long-term tenants. Ample off-street parking enhances the property's appeal, providing a rare convenience in the downtown setting. Located just moments from restaurants, shops, public transportation, and major commuter routes, this is a standout opportunity in a highly desirable location. New price adjustment and Motivated Seller create an exceptional value for investors and owner-occupants alike. Showings are by appointment only.

More Info

Basic Information

  • Mls StatusActive
  • Parcel Number 043380021,5015444
  • Unit Number21,22,23,24

Tax Information

  • Tax Year 2025
  • Taxes$18,926

Basic Information

  • List Price$1,390,000
  • MLS Number73438789
  • Modification Date04/21/2026

Location

  • Address15 Cherry Street
  • Building Number15
  • CountyEssex
  • NeighborhoodDanvers Center
  • StateMA
  • StreetCherry Street
  • SubdivisionDanvers Center
  • TownDanvers
  • Zip01923

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available
  • Year Built1900

Property

  • Acreage0.1

Exterior

  • RoofAsphalt/Composition Shingles

Property Information

  • Living Area 4,645
  • Lot Size Square Feet 4,500
  • Lot Size Units Acres
  • Square Feet4,645

Legal

  • ZoningR1
  • Zoning Description Other (See Remarks)

Other

  • Date Listed10/02/2025
  • Farm Land Area Units Square Feet
  • View Count12

Map Location

Driving Directions

Listed by Stephen Velonis of Coldwell Banker Realty - Lynnfield

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