Residential Lot with former Take-Out Building – Redevelopment Opportunity. This 0.028-acre property was previously used as a take-out sub shop but has reverted to residential zoning (R1) due to the business being closed for over two years and it being located in a residential zone. Any buyer looking to operate a business at this location would need to apply for a variance from the zoning board. The existing structure is unsafe and no interior showings are allowed. This property presents a unique opportunity for buyers willing to go through the zoning process to redevelop and seek approval for commercial use. Important items of note: Currently Zoned Residential, Variance Required for Business Use, Structure Will Need to Be Replaced, Prime Location in Danvers. This is a great opportunity for investors or builders looking to explore potential redevelopment options.
This property sold for 49.6% below the original asking price.
The property spent 55 days on market before selling.
Danvers Center
138 High St, Danvers MA 01923
Danvers, MA 01923
School information not available
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/17/2025 | ✓ Sold | $65,000 | - | - | Property sold |
| 02/06/2025 | 🏠 Listed for Sale | $129,000 | - | - | Original listing |
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