164 Sylvan St, Danvers, MA 01923

$825,000

Est. payment /mo

$899,000

8.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

164 Sylvan St Danvers, MA 01923

4,791 Sqft Lot

SOLD DATE : 02/20/2026

Key Details

Sold Price $825,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 73461909

Sold Date 02/20/26

HOA Y/N false

Year Built 1715

Annual Tax Amount $14,716

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

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.

Location

State MA

County Essex

Zoning C3

Direction Use GPS

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available

Others

Senior Community false

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Re/Max Innovative Properties
Bought with Beth Jacobs • Coldwell Banker Realty - Marblehead

NEARBY SCHOOLS & BUSINESSES

Hilary Carroll

Hilary Carroll

Advisor License ID: 9555208

+1(617) 645-3795

GET MORE INFORMATION

Name
Phone*
Message