138 High St

Residential Lot with former Take-Out Building – Redevelopment Opportunity. This 0.028-acre property was previously used as a take-out sub shop but has reverted to residential zoning (R1) due to the business being closed for over two years and it being located in a residential zone. Any buyer looking to operate a business at this location would need to apply for a variance from the zoning board. The existing structure is unsafe and no interior showings are allowed. This property presents a unique opportunity for buyers willing to go through the zoning process to redevelop and seek approval for commercial use. Important items of note: Currently Zoned Residential, Variance Required for Business Use, Structure Will Need to Be Replaced, Prime Location in Danvers. This is a great opportunity for investors or builders looking to explore potential redevelopment options.