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    2 Punchard Ave, Unit 1 Andover, MA 01810

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    For Lease
    $35 SF/Yr

    Renovated 2,200 SF space in the heart of Andover.

    Lot size:
    0.10 Acres

    Property Features for 2 Punchard Ave

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1900

    Source: Lillian Montalto Signature Properties Agent Team Lillian Montalto

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

    Overview

    Downtown Andover Commercial Space

    This 2,200 square foot commercial space is located in downtown Andover. The building has been completely renovated with new, energy-efficient HVAC, electrical, and plumbing systems. The space offers flexibility for retail, office, studio, or custom concepts. Situated in the heart of Andover Center, it provides visibility, foot traffic, and access to shops, restaurants, and public transportation. The open shell layout allows for a customized floor plan, suitable for open workspace, private offices, a boutique storefront, or a professional suite. The building is well maintained, and convenient street parking is available nearby.
    Location Intelligence

    Current Use by Public Records

    The Taylor'd Room Interior ... Interior Designer John E Mahoney ... Law Firm

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage 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
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1384801
    Latitude
    42.6541331

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    FAQs

    What type of property is this?
    Retail space - Renovated 2,200 SF space in the heart of Andover.
    Where is this retail space located?
    The property is located at 2 Punchard Ave, Unit 1 Andover, MA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Andover location with high visibility and foot traffic.; - Completely renovated with **new, energy-efficient HVAC, electrical, and plumbing**.; - Flexible 2,200 sq ft space suitable for retail, office, or studio.
    (978) 475-1400
    Request Owner's contact information
    2 Punchard Ave, Unit 1 Andover, MA 01810
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    Andover, MA 01810
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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
    2 Punchard Ave, Unit 1 Andover, MA 01810
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