Spero Demakes Purchases 13-15 Elm Street Retail Property In Danvers, MA For $875K

The Mega Group is pleased to announce the sale of 13-15 Elm Street in Danvers, MA. This property is a 4,644 +/- square foot single-level retail building with a full basement for dry storage. Built around 1910, it features two retail units and is situated on 5,333 +/- square feet of land. The sale price for this property was $875,000, resulting in a price per square foot of $188. The property is located in the newly zoned Danvers Town Center Core District (DTC-C).

Summary of Transaction Details:

• Property Type: Retail
• Sale Price: $875,000
• Square Footage: 4,644
• Price Per Square Foot: $188
• Address: 13-15 Elm Street, Danvers, MA
• Market: Danvers, MA

The buyers, Spero Demakes, were represented by Nick Ambeliotis of Ankeles, Vontzalides, Ambeliotis & Delaney, LLP in Peabody, MA. The sellers, Brian F Murphy, were represented by James Sears of Sears Law Office in Danvers, MA. Brian DApice of The Mega Group served as the broker for the sellers, Jeanne & Brian F Murphy. The Mega Group is a full-service commercial real estate firm based in Danvers, MA, covering greater metropolitan Boston Massachusetts, coastal New Hampshire, and southern Maine.