Office Building with Off-Street
68 Park St, Andover, MA 01810
For Sale
$1,349,000
Well-maintained downtown office building with seven private offices, shared conference room, and off-street parking.
Property SizeContact for details
Days on Market163
Property Features for 68 Park St
General Information
Standard status
Property subtype
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Tenancy
Listing Agency:
Lillian Montalto Signature Properties
Listed By:
Team Lillian Montalto
(978) 475-1400
Source:
Classifiedrealtygroup
Added: Jun 4
Changed: Nov 7
Last Checked: Nov 12 at 4:50AM
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 Lillian Montalto Signature Properties
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Investment Insights
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This well-maintained office building includes seven offices and four bathrooms, along with a shared conference room. The property is supported by regular upkeep, and the roof is approximately seven years old. Off-street parking is available, with additional spaces located in the back, providing convenient access for tenants and visitors.
Located in a downtown setting, the building offers an established office configuration suited to multiple individual workspaces. Six of the offices are currently rented to long-term tenants, which may support an owner-operator model while also maintaining leasing activity in place.
For an owner-occupant, the layout provides space for private offices alongside a shared conference room, while still allowing rental income from occupied offices. For an investor, the current long-term occupancy provides an existing leasing footprint, and the remarks note that rents are below market value. The building’s condition and relatively recent roof support straightforward operations for the next owner and should appeal to buyers seeking a maintained, ready-to-manage office asset.
Located in a downtown setting, the building offers an established office configuration suited to multiple individual workspaces. Six of the offices are currently rented to long-term tenants, which may support an owner-operator model while also maintaining leasing activity in place.
For an owner-occupant, the layout provides space for private offices alongside a shared conference room, while still allowing rental income from occupied offices. For an investor, the current long-term occupancy provides an existing leasing footprint, and the remarks note that rents are below market value. The building’s condition and relatively recent roof support straightforward operations for the next owner and should appeal to buyers seeking a maintained, ready-to-manage office asset.
Key Highlights
- Downtown office building built in 1895 with seven private offices and a shared conference room
- Seven office setup includes four bathrooms and shared conference room
- Off‑street parking available, with additional spaces in the back
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Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
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Business Placement
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
$813,800
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Essex County, MA
Properties on Market for Office buildings in Essex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained downtown office building with seven private offices, shared conference room, and off-street parking.
Where is this office building located?
The property is located at 68 Park St Andover, MA.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Downtown office building built in 1895 with seven private offices and a shared conference room; Seven office setup includes four bathrooms and shared conference room; Off‑street parking available, with additional spaces in the back
