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Second-Floor Medical Office Suite
For Lease
$29 SF/Yr

208-63 Park St, Andover, MA 01810

Suite 208 offers existing plumbing on the 2nd floor, positioned adjacent to professional and health and wellness tenants.

Property Size1,229 SF
Days on Market37

Property Features for 208-63 Park St

General Information

Standard status Active
Size 1,229 SF

Additional Details

Business Included No

Amenities

municipal parking
modernized elevator
renovated common areas

Building Details

Tenancy Multi
Listing Agency: The Edge Group, Inc.
Listed By: Gary Sidell
Source: Exprealty
Added: Jun 24 Changed: Jul 28 Last Checked: Jul 29 at 7:28PM

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 The Edge Group, Inc.

Investment Insights

Based on property information with market context.

Completely re-imagined for modern professional use, 63 Park Street includes recently renovated municipal parking, an upgraded and modernized elevator, and ongoing updates to building common areas and exterior elements. Renovations are underway for the lobby and 2nd floor common area, with exterior siding, lighting, signage, and landscaping nearing completion.

Suite 208 is located on the 2nd floor and is situated adjacent to other professional and health and wellness tenants. The suite already has existing plumbing, providing a foundation that can be customized to meet tenant requirements.

The building is actively undergoing a full transformation, with some listing images reflecting proposed future improvements as work continues.

Key Highlights

  • Suite 208 on the 2nd floor has existing plumbing and is ready to be customized to tenant requirements
  • Suite 208 is adjacent to professional and health and wellness tenants
  • Building includes a modernized/upgraded elevator and renovated 3rd floor offices and common areas

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Veterinary Clinic

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$4.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,658
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

$28.98 /SF/Yr
Avg Asking Price
$23.02–$32.88 /SF/Yr
Price Range
4,874 SF
Avg Space Size

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 units - Suite 208 offers existing plumbing on the 2nd floor, positioned adjacent to professional and health and wellness tenants.
Where is this office units located?
The property is located at 208-63 Park St Andover, MA.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: Suite 208 on the 2nd floor has existing plumbing and is ready to be customized to tenant requirements; Suite 208 is adjacent to professional and health and wellness tenants; Building includes a modernized/upgraded elevator and renovated 3rd floor offices and common areas
More about this property
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