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    542-562 Turnpike St N Andover, MA 01845

    For Lease
    Contact for pricing

    Restaurant and retail spaces available for lease.

    Property size:
    1,650 SF
    Lot size:
    3.82 Acres

    Property Features for 542-562 Turnpike St

    General Information

    Size
    1,650 SF
    Lot size
    3.82 Acres

    Source: Atlantic Retail - Corporate Agent Mary Powers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Restaurant and Retail Spaces

    Available for lease are spaces formerly occupied by a restaurant with 156 seats and a retail space. The restaurant space measures 5,215 square feet, and the retail space is 1,650 square feet. The property has a gross leasable area of 24,000 square feet and parking for over 172 cars. The location benefits from a traffic count of 36,070 cars per day. The zoning is General Business, and utilities include town water, sewer, and gas.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    N Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1155614
    Latitude
    42.6665166

    Nearby Similar for Lease

    • Contact for pricing
      2,946 SF

      2,946 SF Drive-Thru Available

      2,946 SF drive-thru restaurant space available for lease immediately.
      435 Winthrop Ave, N Andover, MA 01845
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant and retail spaces available for lease.
    Where is this restaurant located?
    The property is located at 542-562 Turnpike St N Andover, MA.
    What are key features of this property?
    This property features: - High Traffic Count: 36,070 Cars per day; - Ample Parking: 172+ Cars; - Available Space: 5,215 SF (Former Fuddruckers with 156 seats) & 1,650 SF (Former Snip-its)
    (617) 239-3600
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    542-562 Turnpike St N Andover, MA 01845
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    542-562 Turnpike St N Andover, MA 01845
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