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    1591 Osgood St North Andover, MA 01845

    Sponsored
    For Sale
    $2,750,000

    Prime 3-acre lot with two thriving businesses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in North Andover, MA, encompassing a 2.846-acre parcel zoned IS. This property features two established, currently operating businesses: Jimmy's Famous Pizza and The Cork Stop. The asking price is $2,750,000. The location offers unparalleled visibility and accessibility, situated directly across the street from a newly opened, 3.8-million-square-foot Amazon e-commerce, warehouse, and distribution facility on a 110-acre lot. This strategic positioning provides significant advantages for future growth and profitability. The property consists of two units and presents a unique chance to acquire established businesses alongside a substantial land holding. The high-traffic location, coupled with the proximity to a major e-commerce hub, creates a compelling investment proposition with significant potential for long-term returns. This is a rare opportunity to own a thriving commercial property in a rapidly developing area. The property's two existing businesses offer immediate cash flow, while the expansive land provides ample room for expansion or future development. Detailed financial information and operational data are available upon request. Don't miss this chance to secure a prime commercial asset in a high-growth market.

    Property Features for 1591 Osgood St

    General Information

    Property type
    Restaurants
    Lot Size
    123,972 SF

    Building Details

    Units
    2

    HighLights

    • Unique opportunity to acquire approximately 3 acres of commercial land in North Andover, MA, zoned IS.
    • Located directly across from a new 3.8 million square foot Amazon facility.
    • Includes two established, operating businesses: Jimmy's Famous Pizza and The Cork Stop.
    • Asking price: $2,750,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.112319
    Latitude
    42.732716

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    FAQs

    What type of property is this?
    Restaurant - Prime 3-acre lot with two thriving businesses.
    Where is this restaurant located?
    The property is located at 1591 Osgood St North Andover, MA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Unique opportunity to acquire approximately 3 acres of commercial land in North Andover, MA, zoned IS.; Located directly across from a new 3.8 million square foot Amazon facility.; Includes two established, operating businesses: Jimmy's Famous Pizza and The Cork Stop.
    Request Owner's contact information
    1591 Osgood St North Andover, MA 01845
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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
    1591 Osgood St North Andover, MA 01845
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