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    1615-1609 Osgood St North Andover, MA 01845

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    For Sale
    $1,850,000

    Two properties with business and residential income potential near Amazon.

    Property Features for 1615-1609 Osgood St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1960

    Source: Four Seasons Realty Group Corp. Agent Dawn Disalvo Bourassa

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

    Overview

    Commercial Property with Income Potential

    This offering includes two properties: a commercial property and a residential multifamily property. The commercial property spans 0.43 acres and features a building of approximately 1260 square feet. This building is currently configured as a garage with an office space, restrooms, and two vehicle repair bays. It benefits from a new roof and a profitable clientele. The sale includes an 18-car dealer license, a car display ramp, and inventory such as a waste oil heater, desks, cabinets, AC machine, battery tester, evap smoke machine, compressor, and strut machine. The adjacent residential multifamily property covers 0.65 acres and includes a renovated duplex with 4 bedrooms and 2 baths. The properties are located across from the Amazon building, "Lucent", in North Andover. There are 3-4 income potentials. An additional .80 acres is available for builders and developers.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Similar Places Nearby

    North Andover Auto Computer, Val's Foreign Auto Repairs

    Location Insight

    • Map
    • Local Demand
    City
    North Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.11317
    Latitude
    42.7331791

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    FAQs

    What type of property is this?
    Auto shop - Two properties with business and residential income potential near Amazon.
    Where is this auto shop located?
    The property is located at 1615-1609 Osgood St North Andover, MA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Two properties included: commercial garage and residential duplex.; - Highly visible commercial property located across from the Amazon "Lucent" building.; - Established commercial garage business with profitable clientele and included inventory.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1615-1609 Osgood St North Andover, MA 01845
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