$75,000
●
Commercial -
Off Market
85 Constitution Lane #12F
Danvers, MA 01923
Studio
0 Bath
629 Ft²
$129,225
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model
About This Property
Price reduced!! Perfect size Commercial Condo in a very busy
building behind the Liberty Tree Mall, called Liberty Tree Park.
The condo is divided into three rooms of very neat and clean
space. Floor is hardwood and in" like new' shape. It is
629 sq ft on second level. Building is serviced by elevator,
making it convenient for all. This is bright space with 4
regular windows that open and 4 skylights. Building all
sprinkled. The building appearance and landscape is in great
shape. The sellers are asking $82,500. Bring your
business here.
Unit Size
629 Ft²
Days on Market
-
Land Size
-
Price per sqft
$131
Property Type
Commercial
Property Taxes
$110
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #72029989)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2022 | Sold | ||
| Sold | |||
| Dec 21, 2021 | Listed by Barry Realty Group, LLC | $120,000 | |
| Listed by Barry Realty Group, LLC | |||
| | |||
|
Great office park!! Perfect size office condo in a very busy building in back of Liberty Tree Mall, and beside the Marriott Hotel. This park is called The Liberty Tree Park. The condo is divided into 3 rooms of very neat and clean space. Floor is hardwood in like new condition. It is 629 square feet on second level. Building is serviced by elevator making it convenient for all. This is bright space with 4 regular windows that open and 4 skylights . The windows have new blinds on all windows. Building is sprinklered. The building and landscape are in great shape. Common bathrooms that are very well maintained. A condo to be proud of to have clients enter. Asking $120,000. Bring your business here.
| |||
| Jun 7, 2017 | Sold | ||
| Sold | |||
| Jun 27, 2016 | Listed by Barry Realty Group, LLC | $82,500 | |
| Listed by Barry Realty Group, LLC | |||
| Jan 10, 2010 | Listed by The Clark Company | $115,000 | |
| Listed by The Clark Company | |||
| | |||
|
Motivated Seller has requested to bring offers. Extremely attractive, sunny and efficient layout with vaulted ceilings, several skylights and operable casement windows. Outstanding opportunity for small professional office user looking for an impressive image, convenient location and numerous area amenities. Space includes a large private office, open work / reception area, supply closet and large storage room.
| |||
Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Size Units: Acres
Zoning: C3
Parcel Number: 3844356
Financial Details
Tax Annual Amount: $1,325
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/21/2021
|
Loft
|
-
|
629 ft²
|
$120,000
Loft
-
629 ft²
|
$50,000
-58.33%
02/28/2022
|
Timothy Barry
Barry Realty Group, LLC
| |
|
06/27/2016
|
Loft
|
-
|
629 ft²
|
$82,500
Loft
-
629 ft²
|
$75,000
-9.09%
06/07/2017
|
Timothy Barry
Barry Realty Group, LLC
| |
|
09/24/2011
|
Loft
|
-
|
-
|
$93,900
Loft
-
|
$90,600
-3.51%
08/31/2012
|
Kerry Cheever
Cheever Associates
| |
|
01/10/2010
|
Loft
|
-
|
629 ft²
|
$115,000
Loft
-
629 ft²
|
-
-
|
William Clark
The Clark Company
| |
|
09/15/2008
| |
Loft
|
1 Bath
|
687 ft²
|
$94,000
Loft
1 Bath
687 ft²
|
$90,500
-3.72%
06/12/2009
|
Joanne McGinn
Century 21 Tradition
|
|
06/01/2005
| |
Loft
|
2 Bath
|
1835 ft²
|
$334,900
Loft
2 Bath
1835 ft²
|
$290,000
-13.41%
11/29/2005
|
Mary Jo Milano
Century 21 North East
|
Building Info
85 Constitution Lane
85 Constitution Lane, Danvers, MA 01923
- 1 Unit for Sale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017