81-83 Elm Street

The Mega Group is pleased to make available this re-development opportunity in downtown Danvers MA with the rights to build a two-stories above existing retail. There is an existing parking lot known as 5 Essex Street that is on-site consisting of 30+ vehicles. The Subject Property is a 6,302 +/- square foot single-level retail building with some basement area having been built around 1950 and situated on 24,704 +/- total 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.

81-83 Elm Street is situated in downtown Danvers Square by Town Hall and its municipal parking lot. Its central proximity to Routes 95/1 to the west and Route 128 to the east is complimented by quick access to the Liberty Tree Mall and Route 114.

81-83 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.