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    1 Elm St Andover, MA 01810

    Sponsored
    For Lease
    $22 SF/Yr

    Move-in ready, modern office space.

    Lot size:
    1,771 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,771 square foot office condominium is ideally located in downtown Andover, Massachusetts, at 1 Elm St, zip code 01810. Situated on the top floor of a three-story building constructed in 1966, this single-tenancy space boasts a newly renovated interior with beautiful, modern finishes. The unit features a large, glass-walled conference room, perfect for client meetings or team collaborations. A welcoming reception area sets the tone, while a full kitchenette provides convenient workspace amenities. A private office offers a dedicated space for focused work, and shared restrooms are conveniently located just outside the suite. The flexible open floor plan allows for easy customization to meet specific tenant needs. The property is zoned for general business use and benefits from the presence of an elevator within the single building. Its prime location offers easy access to the Andover commuter rail station, I-93, and I-495, providing seamless connectivity to Greater Boston, New Hampshire, and surrounding areas. This is a truly remarkable opportunity to secure a sophisticated and functional office space in a highly desirable location within Essex County.

    Property Features for 1 Elm St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,771 SF

    Building Details

    Year Built
    1966
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    1,771 SF
    Rate per SF
    $22

    HighLights

    • 1,771 SF office condo in downtown Andover, MA (01810), located on the top floor of a three‑story building.
    • Newly renovated interior with modern finishes.
    • Features a large glass‑walled conference room, reception area, full kitchenette, and private office.
    • Open floor plan, shared restrooms, and elevator access.
    • Excellent location near Andover commuter rail, I‑93, and I‑495, providing easy access to Greater Boston and surrounding areas.
    • Zoned for general business use.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1403002
    Latitude
    42.6572907

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    FAQs

    What type of property is this?
    Office Property / Space - Move-in ready, modern office space.
    Where is this office property / space located?
    The property is located at 1 Elm 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: 1,771 SF office condo in downtown Andover, MA (01810), located on the top floor of a three-story building.; Newly renovated interior with modern finishes.; Features a large glass-walled conference room, reception area, full kitchenette, and private office.
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    1 Elm 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
    1 Elm St Andover, MA 01810
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