164 Sylvan St, Danvers, MA 01923
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$950,000
Type: Commercial
Gross
SQFT: N/A
N/A Restrooms
Parking: N/A

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.

Property Details tap to expand

Property Information

  • Type: Commercial
  • Location: Legal Conforming
  • MLS ID#: 73461909

Financial

  • Gross Annual Expenses: 23916
  • Gross Annual Income: 64800
  • Net Operating Income: 40844
  • Lease Type: Gross

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/12/2025New$950,000MLSPIN
09/27/2025Temporarily Withdrawn$900,000MLSPIN
09/12/2025Active$900,000MLSPIN
09/08/2025Price Change$900,000MLSPIN
08/26/2025Active$975,000MLSPIN
08/22/2025New$975,000MLSPIN

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Seller's Representative: Shawn Blades, Re/Max Innovative Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-12-12 15:28:00