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You are here:
Home Massachusetts Danvers Businesses for Sale

10 Elm St Danvers, MA 01923

398 Days on Boston Pads
12 Photos
$75,000
Type: Beauty Services
Org Type: N/A
1200 Bldg. SQFT
1 Restroom
10 Elm St
Danvers, MA 01923

Property Description

Great opportunity to purchase an established, profitable salon in the heart of Danvers Square. Salon 21 was established in March of 2000 and has established itself as a fixture in town with a loyal customer base. The business has 8 chairs, and currently there are 4 stylists, including the owner, as well as an esthetician who rents a space in the salon. The owner & stylists are willing to stay operating in this location. The salon occupies one of the most visible locations in downtown Danvers, at the intersection where Elm St, High St, Maple St & Conant St come together at a four-way signalized intersection. The current lease runs through March of 2025, & the landlord will consider extensions or negotiating a new lease. Financial reports, tax returns, the current lease & equipment list, (FF&E), are available for a qualified prospective buyer to review after execution of a Confidential Non-Disclosure Agreement. Please do not inquire within, this is an operating business.

Property Overview

Property Details click or tap to expand

Business Information

  • Documents on File: Appraisal, Lease Agreement, Restrictive Covenants, Tax Return

Financial Information

  • Gross Annual Income: 222069
  • Tenant Expenses: Electric, Heat, Insurance, Taxes

Building & Lot Information

  • Restrooms: 1
  • Zoning: Legal Conforming
  • Building Construction: Brick, Subdivided
  • Utilities: 110 Volts, Natural Gas, Public Sewer, Public Water
  • Last Updated: 03/03/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/03/2023Rented$2,000$1MLSPIN
04/03/2023Active$75,000$63MLSPIN
03/30/2023New$75,000$63MLSPIN
03/06/2023Under Agreement$2,000$1MLSPIN
01/28/2023Active$2,000$1MLSPIN
01/24/2023New$2,000$1MLSPIN
07/02/2022Expired$85,000$71MLSPIN
05/09/2022Active$85,000$71MLSPIN
05/05/2022Price Change$85,000$71MLSPIN
02/01/2022Active$85,000$71MLSPIN
02/01/2022Active$95,000$79MLSPIN

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Seller's Representative: Stephen Cavanaugh, Keller Williams Realty Evolution
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 2.0
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-03-03 03:05:00

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