Retail Storefront
162 Sutton St North Andover, MA 01845
For Sale
Contact for pricing
For sale storefront property near I-495, connecting I-93 and I-95 in North Andover, MA.
Property Size4,000 SF
Price / SF$500
Days on Market816
Property Features for 162 Sutton St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing Agency:
Argyle Realty Group LLC
Listed By:
Daniel Connelly · License #MA 9073517
Source:
Crexi
Added: May 1, 2024
Changed: Jul 22
Last Checked: Jul 23 at 4:12PM
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 Argyle Realty Group LLC
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is located at 162 Sutton St in North Andover, Massachusetts, offering approximately 4,000 square feet of commercial space.
The property is situated just off I-495, which connects I-93 and I-95. North Andover is positioned on the North Shore of Boston, with roughly 25 minutes to the city and about 25 minutes to the ocean, and approximately 45 minutes to the Mountains and Lakes Region. The area’s local economy includes employers such as Amazon, Watts Water Technologies, Merrimack College, and ERGO Group.
The property is situated just off I-495, which connects I-93 and I-95. North Andover is positioned on the North Shore of Boston, with roughly 25 minutes to the city and about 25 minutes to the ocean, and approximately 45 minutes to the Mountains and Lakes Region. The area’s local economy includes employers such as Amazon, Watts Water Technologies, Merrimack College, and ERGO Group.
Key Highlights
- Storefront property for sale in North Andover, MA, near I‑495
- Year built: 1997
- Located just off I‑495, connecting I‑93 and I‑95
Financial Insights For Retail
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 | $96.0k | $24.00 |
| − Vacancy | −$2.1k | −$0.53 |
| EGI | $93.9k | $23.47 |
| − OpEx | −$28.2k | −$7.04 |
| NOI | $65.7k | $16.43 |
4,000 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$938.9K
$821.5K – $1.10M
NOI $65,722 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,759 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Upper Crust Pizzeria
Restaurant
Similar Off Market Nearby
- Sutton Pond Flowers & Gifts — 6 Water St, North Andover, MA 01845
FAQs
What type of property is this?
Storefront property - For sale storefront property near I-495, connecting I-93 and I-95 in North Andover, MA.
Where is this storefront property located?
The property is located at 162 Sutton St North Andover, MA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Storefront property for sale in North Andover, MA, near I‑495; Year built: 1997; Located just off I‑495, connecting I‑93 and I‑95
