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    1538 Turnpike St North Andover, MA 01845

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    For Sale
    $3,500,000

    Freestanding office building on Route 114 in North Andover.

    Lot size:
    1.00 Acre

    Property Features for 1538 Turnpike St

    General Information

    Lot size
    1.00 Acre

    Building Details

    Year built
    1986

    Source: Lillian Montalto Signature Properties Agent Lillian Montalto

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

    Overview

    Four-Story Office Building on Route

    This is a freestanding four-story office building situated on an acre lot with visibility on Route 114 in North Andover. The well-maintained property features approximately 60 parking spaces and a flexible layout. Two units are available for lease, making it suitable for an owner-occupant or investor. The building includes an elevator, three stairwells, and restrooms on each level, along with a welcoming lobby. Each unit has separate electric, heat pumps, and AC. Recent upgrades include a newer roof, windows, and lighting. The property offers easy access to I-95 and I-495. The building is suitable for conversion to apartments, condos, or office condos, pending buyer due diligence.
    Insight Report Location Intelligence

    Current Use by Public Records

    Merrimack Insurance Insurance Agency North Andover Dental ... Dentist Apex Lending Mortgage Lender Dr. Kenneth J. ... Dentist Onsite Dental Care Dental Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Auto Repair Shop Gym & Fitness Department Store Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    North Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0831197
    Latitude
    42.6421889

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    FAQs

    What type of property is this?
    Office building - Freestanding office building on Route 114 in North Andover.
    Where is this office building located?
    The property is located at 1538 Turnpike St North Andover, MA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Freestanding four-story office building on a prominent acre lot with prime visibility.; - Flexible layout with two units available for lease, ideal for owner-occupant or investor.; - Option to purchase a full floor (approximately 5,000 SF) as an office condominium.
    (978) 815-6300
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    1538 Turnpike St North Andover, MA 01845
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    North 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
    1538 Turnpike St North Andover, MA 01845
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