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    785 Turnpike St North Andover, MA 01845

    Sponsored
    For Lease
    Contact for pricing

    Prime North Andover Retail Space

    Lot size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,000 square foot retail property, located at 785 Turnpike Street in North Andover, Massachusetts, presents a unique investment or development opportunity. The property is situated in Essex County, offering convenient access to major roadways and a thriving local community. Currently vacant, the entire 7,000 square feet is available for immediate occupancy, providing a blank canvas for a variety of retail concepts. The single-tenant configuration allows for complete control and customization of the space. The property is classified as both retail and land, suggesting potential for expansion or redevelopment, subject to local zoning regulations. Its street retail subtype indicates high visibility and accessibility for customers. The zip code is 01845. This location in North Andover offers a strong demographic profile and significant potential for attracting a wide range of businesses. The property's size and location make it ideal for a variety of uses, from a flagship retail store to a multi-use commercial space. This is a rare opportunity to acquire a substantial retail property in a desirable Massachusetts location. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and development potential are available upon request. The property is ready for immediate development or lease.

    Property Features for 785 Turnpike St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    7,000 SF

    HighLights

    • New construction on high‑traffic Route 114.
    • Shared traffic signal with adjacent Stop & Shop.
    • Route 114 boasts 30,000 average daily traffic counts (ADT).
    • Excellent visibility and exposure to Turnpike Street.
    • Storefront space available with freestanding pylon signage.
    • Drive‑thru potential for endcap unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    turnpike automotive - used ... Car Dealer bp Car Wash

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -71.1082727
    Latitude
    42.6601002

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    FAQs

    What type of property is this?
    Individual retail property - Prime North Andover Retail Space
    Where is this individual retail property located?
    The property is located at 785 Turnpike St North Andover, MA.
    What are key features of this property?
    This property features: New construction on high-traffic Route 114.; Shared traffic signal with adjacent Stop & Shop.; Route 114 boasts 30,000 average daily traffic counts (ADT).
    Request Owner's contact information
    785 Turnpike St North Andover, MA 01845
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    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
    785 Turnpike St North Andover, MA 01845
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