Elevator-Served Creative
70 Main St #203, North Andover, MA 01845
For Sale
New
Contact for pricing
A second-floor commercial suite offers building signage and access to street and off-street parking.
Property Size18,069 SF
Price / SF$0.08
Days on Market4
Property Features for 70 Main St #203
General Information
Standard status
Size
Net Rentable
Elevators
Additional Details
Floor
Office Units
Building Details
Year Built
Listing Agency:
Hearthstone Realty
Listed By:
Willard Perkins
(978) 475-5400
Source:
Lockandkeyre
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:37PM
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 Hearthstone Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 203 is a second-floor commercial space with approximately 1,071 rentable square feet and elevator service. The building was constructed in 2015, and signage is permitted on the building. The suite was previously used by a photography studio.
Street parking and off-street parking are available. The property is at 70 Main St in North Andover, Massachusetts.
Street parking and off-street parking are available. The property is at 70 Main St in North Andover, Massachusetts.
Key Highlights
- Approximately 1,071 rentable square feet
- Second‑floor suite with elevator service
- Building signage permitted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$503,637
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,072,740
$10.1M
Cap Rate 7%
$7,194,814
$7.2M
Cap Rate 9%
$5,595,967
$5.6M
Market Conditions
NOI Build-Up for 18,069 SF
Gross rent
$823.9K $45.60/SF
− Vacancy
−$152.4K −$8.44/SF
EGI
$671.5K $37.16/SF
− OpEx
−$167.9K −$9.29/SF
NOI
$503.6K $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%
$10,072,740
Cap Rate 7%
$7,194,814
Cap Rate 9%
$5,595,967
Alternative Uses
Best Use
Office B
$7.19M
$6.30M – $8.39M
NOI $503,637 @ 7.0% cap · market cap 33,575.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.70M
$9.36M – $12.48M
NOI $748,775 @ 7.0% cap · market cap 49,918.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,135
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
$670,000
Median Home Value
Market
Average Price Trend$/SF for Creative space in Essex County, MA
Properties on Market for Creative space in Essex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - A second-floor commercial suite offers building signage and access to street and off-street parking.
Where is this creative space located?
The property is located at 70 Main St #203 North Andover, MA.
What are key features of this property?
This property features: Approximately 1,071 rentable square feet; Second‑floor suite with elevator service; Building signage permitted
