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Leased Medical Office Condominium
New
For Sale
$150,000

451 Andover St Unit 120, North Andover, MA 01845

A three-room interior is occupied under a lease extending through June 2027.

Property Size1,990 SF
Days on Market6

Property Features for 451 Andover St Unit 120

General Information

Standard status Active
Size 1,990 SF
Property subtype Commercial
Occupancy 100%
Lease Term Existing Lease Type: Ground Lease

Building Details

Building Size 1,990 SF
Year Built 1990
Tenancy Single
Owner Occupied No
Listing Agency: Keller Williams Realty Evolution
Listed By: Dennis Marks
Source: Iverty
Added: Sep 28 Changed: Oct 3 Last Checked: Oct 2 at 11:37PM

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 Keller Williams Realty Evolution

Investment Insights

Based on property information with market context.

This medical office condominium was built in 1990 and contains two main rooms plus a smaller room used for storage. The space is leased to an aesthetician whose business has operated for five years; the current lease runs through June 2027.

The property is on Andover Street in North Andover, with access to nearby communities and major routes.

Key Highlights

  • Lease runs through June 2027
  • Two main rooms plus a smaller storage room
  • Occupied by an aesthetician whose business has operated for 5 years

Property Analytics

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Current Use

Express Employment Professionals Employment Agency Foot Health Center ... Physician Brian Fellows Physician Cari Skin Care ... Medical Clinic Vida Wellness Alternative Medicine Practice

Suggested Use

Top Pick Auto Repair Shop Hair Salon Building Supply Real Estate Agency Big Box & Wholesale Store Restaurant

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

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

740
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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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Similar Off Market Nearby

  • Petco Vaccination Clinic — 790 Waverly Rd, North Andover, MA 01845

Frequently Asked Questions

What type of property is this?
Medical Office Space - A three-room interior is occupied under a lease extending through June 2027.
Where is this medical office space located?
The property is located at 451 Andover St Unit 120 North Andover, MA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Lease runs through June 2027; Two main rooms plus a smaller storage room; Occupied by an aesthetician whose business has operated for 5 years
More about this property
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