Medical Office Condominium
For Lease
Contact for pricing
451 Andover St, North Andover, MA 01845
Lease medical and office condominium suites in a North Andover medical park near major Route 125/114 access.
Property Size309 SF
Days on Market662
Property Features for 451 Andover St
General Information
Standard status
Active
Size
309 SF
Property subtype
OFFICE
Lease Type
SF/yr
Site & Location
Traffic Count
41,243 vehicles/day
Highway Access
Yes
Listing Agency:
Colliers
(857) 366-1891
Listed By:
Andrew Robbins · License #NH:073067MA:9558292
(857) 366-1891
Source:
Moodyscre
Added: Oct 7, 2024
Changed: Jul 26
Last Checked: Jul 30 at 1:58PM
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 Colliers
Investment Insights
Based on property information with market context.
Medical/office condominium suites are available for lease within the North Andover Medical Park in North Andover, MA. The office park is home to a mix of medical and service users, including Andover Pediatrics, Steward Medical Group Primary Care of North Andover, Northeast Oral Surgery & Dental Implant Center, Quest Diagnostics, and North Andover Auto School, among others.
The property is adjacent to Merrimack College at the intersection of Route 125 and Route 114. MASSDOT 2024 data cites 41,243 VPD for the area, and the location is approximately 1 mile from Exit 100A off I-495. Surrounding businesses include Bertucci’s, CVS, Burton’s Grill & Bar, Chipotle Mexican Grill, The Eagle Tribune, TD Bank, Starbucks, Rocky’s Ace Hardware, and more.
The property is adjacent to Merrimack College at the intersection of Route 125 and Route 114. MASSDOT 2024 data cites 41,243 VPD for the area, and the location is approximately 1 mile from Exit 100A off I-495. Surrounding businesses include Bertucci’s, CVS, Burton’s Grill & Bar, Chipotle Mexican Grill, The Eagle Tribune, TD Bank, Starbucks, Rocky’s Ace Hardware, and more.
Key Highlights
- Medical/office condominium suites available for lease in the North Andover Medical Park
- Adjacent to Merrimack College at the intersection of Route 125 and Route 114
- 41,243 VPD per MASSDOT 2024 along the Route 125/114 area
Property Analytics
Current Use
Lease Details
41,243 VPD
Traffic count
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.74 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01845, MA
31,855
Population
12,010
Households
2.7
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
26.4 sq mi
ZIP Area
1,207
Density / Sq Mi
$134,319
Median Household Income
$64,592
Median Earnings
$2,113
Median Rent
$670,000
Median Home Value
Market
Lease Benchmarks for North Andover, MA
$26.45 /SF/Yr
Avg Asking Price
$16–$36 /SF/Yr
Price Range
2,558 SF
Avg Space Size
This space is priced 6% below the average of $26.45 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Petco Vaccination Clinic — 790 Waverly Rd, North Andover, MA 01845
Frequently Asked Questions
What type of property is this?
Medical Office Space - Lease medical and office condominium suites in a North Andover medical park near major Route 125/114 access.
Where is this medical office space located?
The property is located at 451 Andover St North Andover, MA.
What is the lease rate?
The lease rate is $24.95 SF/Yr.
What are key features of this property?
This property features: Medical/office condominium suites available for lease in the North Andover Medical Park; Adjacent to Merrimack College at the intersection of Route 125 and Route 114; 41,243 VPD per MASSDOT 2024 along the Route 125/114 area
