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Lab-Ready Office Conversion Building
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600 Federal St, Andover, MA 01810

Lab-ready office building with two loading bays, a dedicated service elevator, and new common area lab systems upgrades.

Property Size27,141 SF
Days on Market1257

Property Features for 600 Federal St

General Information

Standard status Active
Size 27,141 SF
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes
Listing Agency: CBRE | Boston
Listed By: Brian McKenzie
Source: Moodyscre
Added: Feb 20, 2023 Changed: Jul 28 Last Checked: Jul 30 at 2:10PM

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 CBRE | Boston

Investment Insights

Based on property information with market context.

600 Federal St is a lab-ready office building with base building lab conversion and common area upgrades underway. Improvements include a new centralized PH neutralization system, new common area chemical storage, and HVAC designed for a 60/40 lab-to-office ratio. The building also includes a new boiler plant featuring two 2,500 MBH gas fire condensing boilers, electrical design intended to support a 60/40 lab/office ratio, and standby power rated at 5 watts per sf over lab space.

The property is located directly off Interstate 93, less than 35 minutes from Kendall Square. The area is described as a prominent life science cluster north of Cambridge, with leading pharmaceutical companies such as Pfizer and Sarepta nearby.

Additional building support includes two loading bays and a dedicated service elevator with a 3,000 lb capacity. The base building is presented with potential for approximately 30,000 RSF of high-bay expansion.

Key Highlights

  • Lab‑ready base building with centralized PH neutralization system and new common area chemical storage
  • Two (2) loading bays plus a dedicated service elevator with 3,000 lb capacity
  • New boiler plant with (2) 2,500 MBH gas‑fired condensing boilers

Property Analytics

Current Use

CGI Business Management Consultant Hyland Software Inc. (Bike/Boat/Book/etc) Store Polycom Industrial Manufacturer Wright-Pierce Engineering Consultant Watts Water Technologies ... Corporate Office

Suggested Use

Top Pick Building Supply Parking Lot & Garage Law Firm Electrical Service Nail Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

94
Businesses Nearby

Demographics for 01810, MA

35,621
Population
13,803
Households
2.6
Avg Household Size
43
Median Age
75%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,168
Density / Sq Mi
$167,591
Median Household Income
$86,838
Median Earnings
$2,046
Median Rent
$813,800
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Lab-ready office building with two loading bays, a dedicated service elevator, and new common area lab systems upgrades.
Where is this office building located?
The property is located at 600 Federal St Andover, MA.
What are key features of this property?
This property features: Lab‑ready base building with centralized PH neutralization system and new common area chemical storage; Two (2) loading bays plus a dedicated service elevator with 3,000 lb capacity; New boiler plant with (2) 2,500 MBH gas‑fired condensing boilers
(617) 447-1376 Call to check price and availability
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