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120 Andover St # 3, Danvers MA 01923

Danvers, MA 01923
$510,000/mo
6,950
Sq Ft
2.35
Acres
1954
Year Built
28
Days on Market
Closed Listed Apr 8, 2026 • MLS# 73498239 Copied! • Updated May 7, 2026

Sale Statistics

Sale Overview
Original List Price: $1
Final Sale Price: $510,000
Difference: +$509,999 (+50,999,900.0%)
Performance Metrics
51,000,000.0%
List to Sale Ratio
Sold above asking price
28
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $0
Sale $/sq ft: $73
This property sold for $73 per square foot
Sale Summary

This property sold for 50,999,900.0% above the original asking price, indicating strong buyer demand.

With only 28 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$73/sq ft
Area Average
$1/sq ft
Difference
+13,565.7%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

High-profile 6950sf retail space directly on Andover Street (Route 114), just off I-95. Large open floor plan with 12'-14' wall height, warehouse with loading dock, individual offices & two ADA restrooms. This is one of the most active retail corridors on the North Shore, and the demographics & location are superb, with average daily traffic exceeding 44,000 VPD. The property is surrounded by a who's who of high-quality retail businesses. Large lighted pylon sign at the signalized entrance, excellent signage on the front of the building & 110 shared free parking spaces in the front and rear of the property. The HVAC system has been upgraded to provide more fresh air with higher filter efficiency, resulting in high-quality filtration & lower cost. The fire alarm has also been upgraded. NNN expenses are estimated at $4psf/yr. 5-year step-up lease with multiple 5-year options. Space is delivered as a vanilla box, with interior modifications at the tenant's expense. Lease rate undisclosed.

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Property History

Market Insights

100%
Price Range

Property Timeline

Sold
May 7, 2026
$510,000
Property sold
📋
Status: Active under contract
Apr 30, 2026
Active → Active Under Contract
🏠
Listed for Sale
Apr 8, 2026
$1
Original listing
Agent: Faulkner Commercial Group Office: Keller Williams Realty
🏠
Listed for Sale
Apr 8, 2026
$1
Original listing
Agent: Faulkner Commercial Group Office: Keller Williams Realty
Current Active Listing - MLS #73459400
Full transaction history available when tracking began
🏡
Currently Listed
Dec 3, 2025
$1
MLS #73459400 - Active

Tax History

Year Taxes Assessment
2025 $90,126

Financial Details

Annual Property Tax
$90,126
Tax Year 2025

Facts & Features

Home Facts

Type Commercial Lease
Year Built 1954
Living Area 6,950 sq ft
Lot Size 2.35 acres

Rental Details

Rent Includes None
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof Tar/gravel
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer, Natural Gas Available, 110 Volts

Building & Pet Policy

Fee Includes None
Amenities None
Optional Fee Includes None
Possession None
Accepted Financing None
Structure Type []
Documents None
County Essex

Property Overview

Listing Type
Commercial Lease
Year Built
1954
Living Area
6,950 sq ft

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1954
Structure Type:
Exterior Materials:
Roof: Tar/Gravel
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:
School District
Danvers School District local
A-
School Safety 2024-25
2.3% Average
1.9% Suspensions 2.3% In-School 0.4% Emergency
3.2% below state avg
E

Elementary Schools

3 schools
B-
Highlands School
0.7 mi | #486 of 824 | Score: 45.2
Improved 156 spots from last year
-13 below state avg
385 students Moderate
Rising School
Grades K-05
Great Rock Christian Academy
0.9 mi
Grades PK-12
St. Mary of the Annunciation School
1.3 mi
Grades PK-08
M

Middle Schools

2 schools
B-
Holten Richmond Middle School
2.1 mi | #183 of 352 | Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students Moderate
Grades 06-08
C+
J. Henry Higgins Middle School
2.5 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
H

High Schools

3 schools
C
Peabody Veterans Memorial High School
0.9 mi | #251 of 346 | Score: 45.9
Improved 8 spots from last year
-12.3 below state avg
1,333 students Diverse
19 sports • 1,614 athletes
Career Tech Programs Strong Athletics
Grades 09-12
Northeast ARC
1.2 mi
Grades 06-12
St. John's Prep School
1.9 mi
Grades 06-12
Learn about these ratings

Location

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Neighborhood

120 Andover St # 3, Danvers MA 01923

Danvers, MA 01923

Listing Information

Listing Agent Faulkner Commercial Group
Listing Office Keller Williams Realty
Office Phone 978-475-2111
Agent MLS ID TM200171
Office MLS ID G95022
Listing Data Updated May 7, 2026 12:31 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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