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    Elm Sq Andover, MA 01810

    Sponsored
    For Sale
    $350,000

    Prime Andover location, versatile office space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 350,000 USD professional condo unit is ideally situated in the vibrant heart of Andover, Massachusetts' business district at 1 Elm Square, Elm Square, Andover, MA 01810. Located in Essex County, this property offers a flexible and highly desirable office space suitable for a variety of professional uses, including executive offices, medical practices, or traditional office settings. The unit's central location within the downtown area provides unparalleled access to local amenities, businesses, and transportation networks, making it an attractive option for both established and emerging companies. The address is specifically 1 Elm Square, placing the property in a high-traffic area with excellent visibility. This presents a unique opportunity to acquire a well-positioned commercial property in a thriving Massachusetts community. The property is classified as an office condo, offering the benefits of ownership without the responsibilities of managing a larger building. The asking price reflects the prime location and versatile nature of this exceptional office space. This is a turnkey opportunity for businesses seeking a prestigious and convenient location to establish or expand their operations. The property's latitude and longitude coordinates are 42.657521720824036 and -71.14043785734363 respectively.

    Property Features for 0 Elm Sq

    General Information

    Property type
    Medical offices

    HighLights

    • $350,000 asking price.
    • Office condo in downtown Andover, MA.
    • Located at 1 Elm Square, Andover, MA 01810.
    • Property type: Executive, Medical, and Traditional Office.
    • Situated in Essex County, Massachusetts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.140437857344
    Latitude
    42.657521720824

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    FAQs

    What type of property is this?
    Medical office - Prime Andover location, versatile office space.
    Where is this medical office located?
    The property is located at Elm Sq Andover, MA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; Office condo in downtown Andover, MA.; Located at 1 Elm Square, 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
    Elm Sq Andover, MA 01810
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