May 15, 2025 – Stephen Girolamo, Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of Wadsworth Village, a forty-nine-unit mixed-use Property in Danvers, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer in the transaction. The desirable asset sold for $4,800,000.
Wadsworth Village is located at 130 Centre Street in Danvers, Massachusetts. The mixed-use property consists of seven (7) buildings and contains a total of forty-nine (49) units, comprised of thirty-seven (37), office units, one (1), 2-Bedroom/1.5-Bathroom unit, four (4) 2-Bedroom/1-Bathroom units, six (6) 1-Bedroom/1-Bathroom units and one (1), Studio unit. The Property features 29,708 square feet of gross leasable area in 40,070 square feet of total gross area on a large 2.65-acre parcel with plentiful on-site parking. The Property has been well-maintained and most of the buildings have had capital investment improvements over the years. Many of the residential units feature modern upgrades including hardwood floors, granite countertops, and in-unit laundry. The Property’s large parcel and unit count offer multiple avenues to significantly add value and drive future revenue. There is development potential through construction and development of additional buildings on the Property, while the large number of office units offers the option for conversion to residential units, further increasing desirability and potential rents. Wadsworth Village is situated on Centre Street in a desirable, suburban neighborhood in Danvers. The Property enjoys excellent connectivity to major transportation routes, featuring incredible access to Interstate 95 and US Route 1, the primary commuter and commercial highways in the North Shore, offering convenient access to the other major roadways in the Greater Boston area. Public transportation is available on MBTA Bus Routes 435 and 436 at the Liberty Tree Mall @ Best Buy stop. Wadsworth Village is close to area schools, restaurants and bars, area shopping, entertainment venues and is less than 2 miles from the heart of downtown Danvers.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.