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    10 Main St Andover, MA 01810

    Sponsored
    For Lease
    $20 SF/Yr

    Historic building, flexible office suites.

    Lot size:
    41,824 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story commercial property, located at 10 Main St. in Andover, Essex County, offers a unique opportunity for businesses seeking flexible office space in a prime downtown location. Built in 1910 and extensively renovated in 2022, this historic building boasts 41,824 square feet of total space, with 8,438 square feet currently vacant and immediately available. The property is zoned GB and features a single elevator, serving all three floors. The minimum divisible space is 875 square feet, while the maximum contiguous space available is 8,438 square feet. This allows for a variety of tenant needs, from smaller startups to larger established businesses. The building sits on a 0.58-acre lot, with a floor area ratio (FAR) of 1.66. Its location at a major intersection on Main St. provides excellent visibility and accessibility. The property's recent renovation ensures modern amenities within a beautifully preserved historic structure. Interested parties should inquire about pricing and lease terms. The APN is ANDO-000039-000026.

    Property Features for 10 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,824 SF
    Total Rate
    69706.67

    Building Details

    Year Built/Renovated
    1910/2022
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    2nd Fl
    Size
    2,000 SF
    Rate per SF
    $22
    Space
    3rd floor
    Size
    2,600 SF
    Rate per SF
    $22

    HighLights

    • Retail and office space totaling 41,824 square feet.
    • Multiple tenancy with 8,438 square feet of vacant space available.
    • Minimum divisible space of 875 square feet, with a maximum contiguous space of 8,438 square feet.
    • Located at 10 Main St, Andover, Essex County, on a 0.58‑acre lot.
    • Three‑story building (41,824 sq ft), built in 1910 and renovated in 2022, featuring one elevator.
    • Zoned GB.
    Property Profile Location Intelligence

    Current Use by Public Records

    Andover Dental Care ... Dentist Morocco Daniel Psychologist Andover Christian Center Church Casa Blanca Mexican Restaurant Chyten Educational Services ... Tutoring Service

    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
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1402562
    Latitude
    42.6564316

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    FAQs

    What type of property is this?
    Retail property - Historic building, flexible office suites.
    Where is this retail property located?
    The property is located at 10 Main St Andover, MA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Retail and office space totaling 41,824 square feet.; Multiple tenancy with 8,438 square feet of vacant space available.; Minimum divisible space of 875 square feet, with a maximum contiguous space of 8,438 square feet.
    Request Owner's contact information
    10 Main St Andover, MA 01810
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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
    10 Main St Andover, MA 01810
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