Dr. Brett Mansfield Acquires Retail Property In Danvers, MA For $1.5M

81-83 Elm Street in Danvers, MA has been sold for $1,500,000. The property is a multi-tenant retail building with a total square footage of 6,302. It is situated on a .18 acre corner lot and is located at the intersection of Elm and Essex. The building was previously owned and occupied by Bank Of America and Danvers Dental Associates. The sale of the property was facilitated by Brian DApice of The Mega Group, who represented the buyers, and CBRE, who represented the sellers.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $1,500,000
• Square Footage: 6,302
• Address: 81-83 Elm Street, Danvers, MA
• Market: Danvers, MA
• Buyer: Dr. Brett Mansfield
• Seller: Bank Of America
• Buyer's Representative: Brian DApice - The Mega Group

Dr. Brett Mansfield, a dental practitioner, exercised his right of first refusal to purchase the building he had been a tenant in for many years. The property, located in a newly zoned district, allows for mixed-use commercial and residential units above the retail space. With over 30 parking spaces on-site, The Mega Group, represented by Brian DApice, will be offering the right to develop the site above. The Mega Group is a full-service commercial real estate firm based in Danvers, MA, serving the greater metropolitan Boston area, coastal New Hampshire, and southern Maine.