162 Sutton St North Andover, MA 01845

Property Details for 162 Sutton St

Year built

1997

Property size

4,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 4,000 square foot shopping center in North Andover, Massachusetts presents a compelling investment opportunity. Located at a highly visible, signaled intersection on Sutton Street, this single-story, Class B property boasts a strong tenancy with credit tenants including H&R Block and Upper Crust Pizza. The property features three units, ample off-street parking (20 spaces), and benefits from a daily traffic count of 23,394 vehicles. Built in 1997 and extensively renovated in 2022 and 2023, the building showcases excellent architecture and long-term NNN leases, minimizing landlord responsibilities. Situated less than a third of a mile from I-495, providing easy access to I-93 and I-95, this location offers unparalleled convenience for both tenants and customers. The property sits within a thriving Northshore community, just 25 minutes from Boston, the ocean, and the nearby mountains and lakes region. North Andover itself is a diverse town with excellent schools and a robust economy, anchored by major employers such as Amazon, Watts Water Technologies, Merrimack College, and ERGO Group. The 15,000 square foot lot is zoned for commercial use. This is a turnkey investment with significant upside potential. The asking price is $2,000,000.