198 Endicott Properties Acquires Retail Property In Danvers, MA For $1.625M

A 2,500 square-foot, 2-story retail building located at 198 Endicott Street in Danvers, MA has been sold for a price of $1,625,000. The property is situated on 13,460 square feet of land in the C3 zoning district, which allows for a fast food drive-thru. The transaction took place between the buyer, 198 Endicott Properties, and the seller, 198 Endicott Realty. The deal was facilitated by Brian DApice and Jason K Clark of The Mega Group.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $1,625,000
• Address: 198 Endicott Street, Danvers, MA
• Market: Danvers, MA
• Square Footage: 13,460
• Price Per Unit: $121

The Mega Group, a full-service commercial real estate firm based in Danvers, MA, represented the buyer and seller in this off-market transaction. Brian DApice and Jason K Clark played key roles in identifying and closing the deal. Prior to this transaction, Brian DApice had been searching for the ideal location for Flip The Bird, a new North Shore location set to open in Salem in the winter of 21/22.

In addition, it was noted that ToppSalad, the previous tenant of the property, will be relocating to downtown Beverly.