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Property profile & analytics
OFF-MARKET Estimated value $1,770,000
Super regional malls

109 Main St 123 North Andover, MA 01845-2419

46,104 SF 3.35 ac lot Built 1967
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US38-1160089
Property summary
AI-generated overview

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 profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1967
Total area 46,104 SF
Lot 3.35 ac (145,891 SF)
Zoning code GB
APN NAND M:00029 B:00048 L:00000
UPID US38-1160089
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CVS Photo (Bike/Boat/Book/etc) Store
  • Santander Bank ATM Atm
  • CVS Cosmetic Store
  • CVS Pharmacy Pharmacy
  • Boston Chowda Co Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.46M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.08M
Blend (final) Blend
$1.77M
Owner & transaction history
NA Realty INC · 6 yrs held
NA Realty INC
since 2019
7 recorded transactions
2019
Price N/A
2003
Price N/A
1997
Price N/A
1995
Price N/A
1994
Price N/A
1990
Price N/A
1988
Price N/A
Zoning & alternative use
GB · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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