Mixed-Use Suite with Private
New
For Sale
Contact for pricing
76 Main St, Andover, MA 01810
First-floor office and retail space offers five private offices, reception, and access to a rear parking lot.
Property Size1,200 SF
Price / SF$0.03
Days on Market5
Property Features for 76 Main St
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Additional Details
Floor
1
Road Access
Yes
Office Units
5
Amenities
private entrances
street side signage
conference rooms
storage
private restrooms
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Coldwell Banker Realty - Andovers/Readings Regional
(978) 475-2201
Listed By:
Piantidosi Group
(978) 423-5577
Source:
Lockandkeyre
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:29PM
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 Coldwell Banker Realty - Andovers/Readings Regional
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.
Positioned on the first floor of a downtown Andover building, this approximately 1,200-square-foot commercial suite is configured for office or retail use. Its layout includes a reception area, five private offices of varying sizes, and private restrooms, with additional room for conference and storage functions. Two separate entrances provide direct access to the space.
The property fronts Main Street and includes street-side signage and a large private parking lot at the rear. Located in Andover Center, the suite combines a Main Street presence with dedicated parking and separate entry points.
The property fronts Main Street and includes street-side signage and a large private parking lot at the rear. Located in Andover Center, the suite combines a Main Street presence with dedicated parking and separate entry points.
Key Highlights
- Approximately ~1200SF of first‑floor office/retail space
- Five private office suites in varying sizes
- Two separate private entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,716
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,320
$394.3K
Cap Rate 7%
$281,657
$281.7K
Cap Rate 9%
$219,067
$219.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$28.8K $24.00/SF
− Vacancy
−$634 −$0.53/SF
EGI
$28.2K $23.47/SF
− OpEx
−$8.4K −$7.04/SF
NOI
$19.7K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,320
Cap Rate 7%
$281,657
Cap Rate 9%
$219,067
Alternative Uses
Best Use
Office B
$477.8K
$418.1K – $557.5K
NOI $33,448 @ 7.0% cap · market cap 111,493.33%
Second Best
Mixed Use
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 81,000.00%
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 165,760.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor office and retail space offers five private offices, reception, and access to a rear parking lot.
Where is this mixed-use property located?
The property is located at 76 Main St Andover, MA.
What are key features of this property?
This property features: Approximately ~1200SF of first‑floor office/retail space; Five private office suites in varying sizes; Two separate private entrances
