164 Sylvan St, Danvers, MA 01923

$825,000

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Sold Price
$825,000
List Price
$899,000
Status
SOLD
MLS#
73461909
Lot Size (Acres)
0.11
Year Built
1715

Property Description

Stand-alone commercial medical office building located in a well-established Danvers business corridor. The property is currently leased to MyEyeDr, a nationally recognized optometry provider, which recently executed a new 5-year lease extension, with an additional 5-year option thereafter, providing long-term income stability. The building offers strong street visibility, on-site parking, and convenient access to Route 128, Route 114, and surrounding North Shore communities. The single-tenant layout provides a simple ownership structure with no association fees and predictable operating expenses, making it well suited for investors seeking a stabilized medical/office asset or future owner-users evaluating a free-standing building in a desirable commercial location. Sale is subject to existing lease. Buyer and buyer’s agent to perform all due diligence.

Additional Information

Taxes
$14,716

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Listing courtesy of Listing Agent: Shawn Blades from Listing Office: Re/Max Innovative Properties.

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