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Move-in Ready Office Condominium
For Lease
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1 Elm St, Andover, MA 01810

Top-floor office condo in downtown Andover, newly renovated.

Space Size807 SF - 1,717 SF
Days on Market653

Property Features for 1 Elm St

General Information

Standard status Active
Size 807 SF - 1,717 SF
Property subtype Office
Lease Type Modified Gross

Building Details

Year Built 1966
Tenancy Multiple

Spaces For Lease

at 1 Elm St Contact us

Condominium (total)

Size
1,717 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Unit 3A

Size
910 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Unit 3C

Size
807 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Colliers - Portsmouth, New Hampshire
Listed By: Andrew Robbins · License #MA 9558292
Source: Crexi
Added: Nov 21, 2024 Changed: Aug 31 Last Checked: Sep 3 at 6:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Portsmouth, New Hampshire

Investment Insights

Based on property information with market context.

Available for lease is a 1,771± SF office condominium located on the top floor of One Elm Square in downtown Andover, Massachusetts. The space features a large glass-walled conference room, a reception area, a full kitchenette, and one private office. Common restrooms are located directly outside the suite. The space has been newly renovated with modern finishes. The flexible, open floor plan can be customized. The property is a short walk to the Andover commuter rail station and offers convenient access to I-93 and I-495, providing connectivity to Greater Boston, New Hampshire, and other locations.

Key Highlights

  • Move‑in ready, newly renovated office condominium with modern finishes.
  • Located in highly sought‑after downtown Andover, MA.
  • Flexible open floor plan easily customized to fit tenant needs.

Property Analytics

Current Use

Andover Pediatric Dentistry Dental Office Andover Pediatric Dentistry: ... Dental Office Excelestar Ventures Corporate Office Marylou Jelinek, LMHC Counselor Uprate AI Information Services

Suggested Use

Top Pick Auto Parts Store HVAC Service Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,664
Businesses Nearby

Demographics for 01810, MA

35,621
Population
13,803
Households
2.6
Avg Household Size
43
Median Age
75%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,168
Density / Sq Mi
$167,591
Median Household Income
$86,838
Median Earnings
$2,046
Median Rent
$813,800
Median Home Value

Market

Lease Benchmarks for Andover, MA

$28.98 /SF/Yr
Avg Asking Price
$22–$35 /SF/Yr
Price Range
7,203 SF
Avg Space Size

This space is priced 3% below the average of $28.98 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Top-floor office condo in downtown Andover, newly renovated.
Where is this office units located?
The property is located at 1 Elm St Andover, MA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Move‑in ready, newly renovated office condominium with modern finishes.; Located in highly sought‑after downtown Andover, MA.; Flexible open floor plan easily customized to fit tenant needs.
More about this property
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