Multi-Tenanted Building on Route 114

2302 Turnpike St, North Andover, MA 01845

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For Sale

$13,000,000

30,000 SF building on 3.5 acres near major highways.

Type:Commercial

Property size:

30,000 SF

Lot size:

3.52 Acres

Price / SF:

$433/SF

Listing Contact

John E. Magazzu

Real Estate License ID: 448501088

HighLights

30,000 sq ft multi‑tenanted building ideal for owner‑user or investor.
Located on highly trafficked Route 114, just 21 miles from Boston.
Diverse spaces including office, retail, warehouse, garage/contractor bays, and high‑end vehicle storage.
Situated on a large 3.519‑acre lot.
Convenient access to major highways.
Built in 2018.

Learn more

For Sale

$13,000,000

30,000 SF building on 3.5 acres near major highways.

Type:Commercial

Property size:

30,000 SF

Lot size:

3.52 Acres

Price / SF:

$433/SF

Added:: Apr 25, 2026
Days on Market:: 48
Last Refresh:: Apr 25 at 6:19 am

Property Features for 2302 Turnpike St

General Information

Standard status: Active
Size: 30,000 SF
Lot size: 3.52 Acres
Property subtype: Commercial

Building Details

Year Built: 2018

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Listing Contact

John E. Magazzu

Listing agent John E. Magazzu License #448501088

Listing office Charlesgate Realty Group LLC

Listing date Apr 25, 2026

Source Liongatere

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

All listing content including descriptions, pricing, images are the copyrighted material of Charlesgate Realty Group LLC

HighLights

30,000 sq ft multi‑tenanted building ideal for owner‑user or investor.
Located on highly trafficked Route 114, just 21 miles from Boston.
Diverse spaces including office, retail, warehouse, garage/contractor bays, and high‑end vehicle storage.
Situated on a large 3.519‑acre lot.
Convenient access to major highways.
Built in 2018.

Overview

This multi-tenanted building offers an opportunity for an owner-user or investor. The building, totaling approximately 30,000 square feet, is situated on 3.519 acres. The property features office, retail, warehouse, garage/contractor bays, and high-end vehicle storage. It is located on the highly trafficked Route 114, with convenient access to major highways and approximately 21 miles from Boston.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.37M	$45.60
− Vacancy	−$253.1k	−$8.44
EGI	$1.11M	$37.16
− OpEx	−$278.7k	−$9.29
NOI	$836.2k	$27.87

30,000 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$11.95M

$10.45M – $13.94M (±1% cap)

NOI $836,190 @ 7.0% cap · market cap 6.43%

Second Best

Mixed Use

$8.68M

$7.59M – $10.13M (±1% cap)

NOI $607,500 @ 7.0% cap · market cap 4.67%

Theoretical Best

Office A

$17.76M

$15.54M – $20.72M (±1% cap)

NOI $1,243,192 @ 7.0% cap · market cap 9.56%

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

Location Intelligence

Current Use by Public Records

Ultra Safe Pest ... Garden Center Fafa’s Auto Spa Car Wash The Vinyl Touch Auto Repair Shop Sunny Health Spa Alternative Medicine Practice

Suggested Use

Location Insight

Map
Local Demand

City: North Andover
County: Essex
State: Massachusetts
Longitude: -71.058056
Latitude: 42.6252569

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For sale
Mixed-use properties
MA
North Andover
01845
2302 Turnpike St

What type of property is this?

Mixed-use property - 30,000 SF building on 3.5 acres near major highways.

Where is this mixed-use property located?

The property is located at 2302 Turnpike St North Andover, MA.

What is the asking price?

The asking price for this property is $13,000,000.

What are key features of this property?

This property features: 30,000 sq ft multi‑tenanted building ideal for owner‑user or investor.; Located on highly trafficked Route 114, just 21 miles from Boston.; Diverse spaces including office, retail, warehouse, garage/contractor bays, and high‑end vehicle storage.