Coworking Space With Conference
For Sale
Contact for pricing
30 Massachusetts Avenue, North Andover, MA 01845
Flexible meeting space includes teleconferencing equipment and internet access for business use.
Property Size48,000 SF
Price / SF$0.01
Days on Market50
Property Features for 30 Massachusetts Avenue
General Information
Standard status
Active
Size
48,000 SF
Property subtype
Commercial
Zoning
GB
Taxes and HOA fees
Annual Taxes
$66,019
Amenities
Large screen for teleconferencing
internet access
Building Details
Building Size
48,000 SF
Year Built
1987
Listing Agency:
Property Consultants
(978) 687-9300
Listed By:
Arthur Richter · License #456000500
(978) 423-6456
Source:
Churchillprop
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 19 at 4:56AM
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 Property Consultants
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Investment Insights
Based on property information with market context.
This coworking property includes a conference room configured for group meetings, presentations, and teleconferencing. The room has a large display screen and internet access, with seating arranged for 20 people at a table or 8 additional seats in classroom-style setup.
The property contains 48,000 square feet and was built in 1987. It is located at 30 Massachusetts Avenue in North Andover, Massachusetts, and carries GB zoning.
The property contains 48,000 square feet and was built in 1987. It is located at 30 Massachusetts Avenue in North Andover, Massachusetts, and carries GB zoning.
Key Highlights
- Conference room seats 20 at a table
- Classroom‑style setup adds 8 seats
- Large screen supports teleconferencing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,337,904
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,758,080
$26.8M
Cap Rate 7%
$19,112,914
$19.1M
Cap Rate 9%
$14,865,600
$14.9M
Market Conditions
NOI Build-Up for 48,000 SF
Gross rent
$2.19M $45.60/SF
− Vacancy
−$404.9K −$8.44/SF
EGI
$1.78M $37.16/SF
− OpEx
−$446.0K −$9.29/SF
NOI
$1.34M $27.87/SF
Area
Essex County, MA
Vacancy
18.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,758,080
Cap Rate 7%
$19,112,914
Cap Rate 9%
$14,865,600
Alternative Uses
Best Use
Office B
$19.11M
$16.72M – $22.30M
NOI $1,337,904 @ 7.0% cap · market cap 445,968.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.42M
$24.86M – $33.15M
NOI $1,989,108 @ 7.0% cap · market cap 663,036.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
Explore this area
Business Placement
Demographics for 01845, MA
31,855
Population
12,010
Households
2.7
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
26.4 sq mi
ZIP Area
1,207
Density / Sq Mi
$134,319
Median Household Income
$64,592
Median Earnings
$2,113
Median Rent
$670,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Coworking space - Flexible meeting space includes teleconferencing equipment and internet access for business use.
Where is this coworking space located?
The property is located at 30 Massachusetts Avenue North Andover, MA.
What are key features of this property?
This property features: Conference room seats 20 at a table; Classroom‑style setup adds 8 seats; Large screen supports teleconferencing
