For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Multi-Tenanted Building on Route 114 Title is generated by Realmo AI

    2302 Turnpike St, North Andover, MA 01845

    View on Map
    Claim this Listing
    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

    We can help!

    Listing Contact
    John E. Magazzu
    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
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    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

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Accounting Firm HVAC 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
    -71.058056
    Latitude
    42.6252569

    FAQs

    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.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message