Turnkey Cafe with Updated
For Sale
Contact for pricing
195A Andover, Andover, MA 01810
Fully equipped cafe with a renovated interior and commercial equipment about three years old, steps from Ballardvale Train Station.
Property Size2,021 SF
Days on Market103
Property Features for 195A Andover
General Information
Standard status
Active
Size
2,021 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Building Size
2,021 SF
Year Built
2021
Listing Agency:
Advise Realty
(617) 795-3333
Listed By:
Bin Hu
(978) 821-0057
Source:
Iverty
Added: Jul 20
Changed: Oct 29
Last Checked: Oct 28 at 7:33AM
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 Advise Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully equipped cafe is set up and ready for new ownership, featuring commercial equipment that is approximately three years old and a recently renovated interior. The space has been updated within the last three years, supporting an efficient transition for an operator looking to open without arranging new build-out elements.
The property is located on a busy main road and is just steps from Ballardvale Train Station, providing convenient transit proximity and street exposure for day-to-day foot traffic.
As presented, the offering is turnkey and focused on the existing cafe configuration and equipment, with recent updates to the interior and supporting commercial systems.
The property is located on a busy main road and is just steps from Ballardvale Train Station, providing convenient transit proximity and street exposure for day-to-day foot traffic.
As presented, the offering is turnkey and focused on the existing cafe configuration and equipment, with recent updates to the interior and supporting commercial systems.
Key Highlights
- Fully equipped cafe with a renovated interior and commercial equipment about 3 years old
- Located in Andover steps from Ballardvale Train Station
- Cafe positioned on a busy main road with strong daily traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,357
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,140
$747.1K
Cap Rate 7%
$533,671
$533.7K
Cap Rate 9%
$415,078
$415.1K
Market Conditions
NOI Build-Up for 2,021 SF
Gross rent
$50.9K $25.20/SF
− Vacancy
−$1.1K −$0.55/SF
EGI
$49.8K $24.65/SF
− OpEx
−$12.5K −$6.16/SF
NOI
$37.4K $18.48/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,140
Cap Rate 7%
$533,671
Cap Rate 9%
$415,078
Alternative Uses
Best Use
Specialty Retail
$533.7K
$467.0K – $622.6K
NOI $37,357 @ 7.0% cap · market cap 128.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,750 @ 7.0% cap · market cap 288.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Coffee shop - Fully equipped cafe with a renovated interior and commercial equipment about three years old, steps from Ballardvale Train Station.
Where is this coffee shop located?
The property is located at 195A Andover Andover, MA.
What are key features of this property?
This property features: Fully equipped cafe with a renovated interior and commercial equipment about 3 years old; Located in Andover steps from Ballardvale Train Station; Cafe positioned on a busy main road with strong daily traffic
