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Mixed-Use Building on 3.5 Acres

2302 Turnpike Street, North Andover, MA 01845

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For Sale

$13,000,000

Multi-tenanted 30,000 SF building on Route 114.

Type:Commercial

Property size:

30,000 SF

Lot size:

3.52 Acres

Price / SF:

$433/SF

HighLights

30,000 sq ft multi‑tenanted building, ideal for owner‑user or investor.
Located on highly trafficked Route 114, just 21 miles from Boston.
Diverse space includes office, retail, warehouse, garage/contractor bays, and high‑end vehicle storage.
Situated on a large 3.519‑acre lot.
Convenient access to major highways.
Built in 2018.

We can help!

Listing Contact

John E. Magazzu

Learn more

For Sale

$13,000,000

Multi-tenanted 30,000 SF building on Route 114.

Type:Commercial

Property size:

30,000 SF

Lot size:

3.52 Acres

Price / SF:

$433/SF

Added:: Feb 28, 2026
Days on Market:: 106
Last Refresh:: Apr 21 at 6:07 am

Property Features for 2302 Turnpike Street

General Information

Standard status: Active
Size: 30,000 SF
Lot size: 3.52 Acres
Property subtype: Commercial

Building Details

Year Built: 2018

We can help!

Listing Contact

John E. Magazzu

Listing agent John E. Magazzu

Listing office Charlesgate Realty Group LLC

Listing date Feb 28, 2026

Source Stevebremis

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 Charlesgate Realty Group LLC

HighLights

30,000 sq ft multi‑tenanted building, ideal for owner‑user or investor.
Located on highly trafficked Route 114, just 21 miles from Boston.
Diverse space includes office, retail, warehouse, garage/contractor bays, and high‑end vehicle storage.
Situated on a large 3.519‑acre lot.
Convenient access to major highways.
Built in 2018.

Overview

This multi-tenanted building offers an opportunity for an owner-user or investor. The property, situated on 3.519 acres, features approximately 30,000 square feet of space. The building includes office, retail, warehouse, garage/contractor bays, and high-end vehicle storage areas. It is located on the highly trafficked Route 114, providing convenient access to major highways and is 21 miles from Boston.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.37M	$45.60
− Vacancy	−$253.1k	−$8.44
EGI	$1.11M	$37.16
− OpEx	−$278.7k	−$9.29
NOI	$836.2k	$27.87

30,000 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$11.95M

$10.45M – $13.94M (±1% cap)

NOI $836,190 @ 7.0% cap · market cap 6.43%

Second Best

Mixed Use

$8.68M

$7.59M – $10.13M (±1% cap)

NOI $607,500 @ 7.0% cap · market cap 4.67%

Theoretical Best

Office A

$17.76M

$15.54M – $20.72M (±1% cap)

NOI $1,243,192 @ 7.0% cap · market cap 9.56%

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

Location Intelligence

Current Use by Public Records

Ultra Safe Pest ... Garden Center Fafa’s Auto Spa Car Wash The Vinyl Touch Auto Repair Shop Sunny Health Spa Alternative Medicine Practice

Suggested Use

Location Insight

Map
Local Demand

City: North Andover
County: Essex
State: Massachusetts
Longitude: -71.058056
Latitude: 42.6252569

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For sale
Mixed-use properties
MA
North Andover
01845
2302 Turnpike Street

What type of property is this?

Mixed-use property - Multi-tenanted 30,000 SF building on Route 114.

Where is this mixed-use property located?

The property is located at 2302 Turnpike Street North Andover, MA.

What is the asking price?

The asking price for this property is $13,000,000.

What are key features of this property?

This property features: 30,000 sq ft multi‑tenanted building, ideal for owner‑user or investor.; Located on highly trafficked Route 114, just 21 miles from Boston.; Diverse space includes office, retail, warehouse, garage/contractor bays, and high‑end vehicle storage.