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    550 Tpke St Rte North Andover, MA 01845

    For Lease
    Contact for pricing

    North Andover Retail Center: Two Suites Available

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Crossroads Plaza, located at 550 Turnpike Street, Route 114 in North Andover, MA 01845, offers exceptional retail space for lease. This strip center boasts a total gross leasable area (GLA) of 24,000 square feet and features two available suites. One suite, previously occupied by Snip-its, offers 1,650 square feet, while a larger contiguous space of 6,865 square feet is also available. The property is zoned for General Business use, providing flexibility for a variety of retail tenants. Ample parking is provided with over 172 spaces, ensuring convenient access for customers. The high-traffic location on Route 114 sees an impressive 36,070 cars per day, offering significant visibility and potential for high foot traffic. The property is serviced by town water, sewer, and gas. This prime retail location presents a unique opportunity for businesses seeking high visibility and convenient access in a thriving North Andover community. The minimum divisible space is 6,865 square feet, while the maximum contiguous space available is also 6,865 square feet. A total of 8,515 square feet is currently vacant. This presents a compelling opportunity for businesses seeking a prominent location with strong traffic counts and ample parking.

    Property Features for 550 Tpke St Rte

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF

    Unit(s) available at that property

    Space
    Former Snip
    Size
    1,650 SF
    Space
    Available Space
    Size
    6,865 SF

    HighLights

    • 550 Turnpike Street, Route 114, North Andover, MA 01845
    • 1,650 SF available retail space, formerly Snip‑its
    • 24,000 SF gross leasable area (GLA)
    • 172+ parking spaces
    • High traffic count: 36,070 vehicles per day
    • General Business zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    North Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1155609
    Latitude
    42.6663995

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    FAQs

    What type of property is this?
    Neighborhood center - North Andover Retail Center: Two Suites Available
    Where is this neighborhood center located?
    The property is located at 550 Tpke St Rte North Andover, MA.
    What are key features of this property?
    This property features: 550 Turnpike Street, Route 114, North Andover, MA 01845; 1,650 SF available retail space, formerly Snip-its; 24,000 SF gross leasable area (GLA)
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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

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    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
    550 Tpke St Rte North Andover, MA 01845
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