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Renovated Retail Space
For Lease
$35 SF/Yr

2 Punchard Ave # 1 Andover, Andover, MA 01810

Open-shell commercial space with updated building systems and flexible planning potential for retail or office use.

Space SizeContact for details
Property Size2,200 SF
Days on Market94

Property Features for 2 Punchard Ave # 1 Andover

General Information

Standard status Active
Size 2,200 SF
Zoning GB
Lease Type NNN

Taxes and HOA fees

Annual Taxes $18,830

Building Details

Building Size 2,200 SF
Year Built 1900
Listing Agency:
Listed By: Amanda Lucido Hodges
Source: Bournetosellrealestate
Added: May 29 Changed: Aug 29 Last Checked: Aug 29 at 7:30PM

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 Amanda Lucido Hodges

Investment Insights

Based on property information with market context.

This 2,200-square-foot retail space occupies a renovated building with new energy-efficient HVAC, electrical, and plumbing systems. The open-shell interior supports a range of layouts, including customer-facing retail, work areas, private offices, studios, or a professional suite. GB zoning is in place for the property.

The space is located at 2 Punchard Ave # 1 in Andover Center, with nearby shops, restaurants, public transportation, and street parking. Built in 1900, the building combines an adaptable interior with updated core systems for a tenant seeking a customizable commercial setting.

Key Highlights

  • 2,200 SF retail space at 2 Punchard Ave # 1, Andover, MA 01810
  • Renovated building with new energy‑efficient HVAC, electrical, and plumbing
  • Open‑shell layout suitable for customized retail, office, studio, or suite configurations

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Restaurant Real Estate Agency Big Box & Wholesale Store Building Supply Dental Office 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

NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

107
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

Lease Benchmarks for Andover, MA

$29.37 /SF/Yr
Avg Asking Price
$25–$35 /SF/Yr
Price Range
1,675 SF
Avg Space Size

This space is priced 19% above the average of $29.37 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Open-shell commercial space with updated building systems and flexible planning potential for retail or office use.
Where is this retail space located?
The property is located at 2 Punchard Ave # 1 Andover Andover, MA.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: 2,200 SF retail space at 2 Punchard Ave # 1, Andover, MA 01810; Renovated building with new energy‑efficient HVAC, electrical, and plumbing; Open‑shell layout suitable for customized retail, office, studio, or suite configurations
More about this property
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