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    109 Main St North Andover, MA 01845

    Sponsored
    For Lease
    $25 SF/Yr

    Prime North Andover office space, multiple suites available.

    Lot size:
    46,104 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    First & Main, located at 109 Main St, North Andover, MA 01845, presents a unique opportunity for businesses seeking versatile office space in a thriving downtown location. This Class B building, constructed in 1967 and renovated in 1990, offers a total of 46,104 square feet across two stories. The property features 11 suites, with a minimum divisible space of 5,779 square feet and a maximum contiguous space of 12,780 square feet. Currently, 10,904 square feet are vacant, offering significant potential for expansion or lease acquisition. The building boasts a 16-foot ceiling height and ample parking with 180 spaces. Utilities include 400 Amp 3-phase power. The 3.35-acre lot is zoned for retail use, reflecting the vibrant commercial environment of the surrounding area. First & Main is situated in the heart of downtown North Andover, near established businesses such as CVS, a wine and spirits store, a restaurant, and various other retail establishments. This property offers a blend of traditional and creative office spaces, also suitable for medical office use, making it an ideal location for a variety of businesses. The building's central location and diverse tenant mix create a dynamic and convenient environment for businesses of all sizes. One retail space of 11,859 square feet is available, subdividable to 4,835 square feet, with an additional 955 square foot mezzanine and 6,069 square feet.

    Property Features for 109 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,104 SF
    Class
    B
    Total Rate
    96050

    Building Details

    Year Built/Renovated
    1967/1990
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    11,859 SF
    Rate per SF
    $25

    HighLights

    • 46,104 SF Class B office/retail building on a 3.35‑acre lot in downtown North Andover, MA.
    • Building features 11 suites, ranging from 5,779 SF to 12,780 SF contiguous, with 10,904 SF currently vacant.
    • 180 parking spaces and 400‑amp 3‑phase power.
    • Zoned for retail use, with a strong mix of existing tenants including a newly renovated CVS with drive‑thru.
    • Prime downtown location near other retail businesses, suitable for various uses including medical offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    CVS Photo Passport Photo Processor Santander Bank ATM Atm CVS Cosmetics Store CVS Pharmacy Pharmacy Boston Chowda Co Seafood Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1323186
    Latitude
    42.7024985

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    FAQs

    What type of property is this?
    Restaurant - Prime North Andover office space, multiple suites available.
    Where is this restaurant located?
    The property is located at 109 Main St North Andover, MA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 46,104 SF Class B office/retail building on a 3.35-acre lot in downtown North Andover, MA.; Building features 11 suites, ranging from 5,779 SF to 12,780 SF contiguous, with 10,904 SF currently vacant.; 180 parking spaces and 400-amp 3-phase power.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Main St North Andover, MA 01845
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