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Renovated Retail/Office Condo For Lease
For Lease
$19 SF/Yr

989-995 Osgood #989-995, North Andover, MA 01845

5,439 SF Class A condo, renovated in 2023.

Space SizeContact for details
Days on Market141

Property Features for 989-995 Osgood #989-995

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $9,231

Building Details

Year Built 2014
Listing Agency: Broad Sound Real Estate, LLC
Listed By: Nicholas Daher
Source: Corcoran
Added: Mar 25 Changed: Aug 12 Last Checked: Jul 16 at 11:27AM

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 Broad Sound Real Estate, LLC

Investment Insights

Based on property information with market context.

This 5,439 square foot Class A retail/office condo, fully renovated in 2023, comprises three adjoining units and is available for lease. The property is also available for sale and is ideal for owner-users or investors. The flexible layout can accommodate single or multi-tenant use, and individual units can be sold separately to suit businesses of varying sizes. The location is approximately 1 mile from I-495 and near Lawrence Municipal Airport, with a daily traffic count exceeding 21,000 vehicles. Interior features include two reception areas, 14 private offices, three bathrooms (two with showers), a large open work area, two conference rooms, a full kitchen with appliances, a break room, a staff lounge, a client lounge, and an IT/copy room. This turnkey space offers excellent access, visibility, and high-end finishes throughout.

Key Highlights

  • Spacious 5,439 SF Class A retail/office condo.
  • Fully renovated in 2023, offering a modern, turnkey space.
  • Equipped with 14 private offices, 2 conference rooms, full kitchen, and multiple lounge areas.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Pharmacy Parking Lot & Garage Building Supply Furniture & Home Goods Storage Facility

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
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

218
Businesses Nearby

Demographics for 01845, MA

31,855
Population
12,010
Households
2.7
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
26.4 sq mi
ZIP Area
1,207
Density / Sq Mi
$134,319
Median Household Income
$64,592
Median Earnings
$2,113
Median Rent
$670,000
Median Home Value

Market

Lease Benchmarks for North Andover, MA

$17.05 /SF/Yr
Avg Asking Price
$10.65–$25 /SF/Yr
Price Range
8,894 SF
Avg Space Size

This space is priced 11% above the average of $17.05 /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 - 5,439 SF Class A condo, renovated in 2023.
Where is this office units located?
The property is located at 989-995 Osgood #989-995 North Andover, MA.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: Spacious 5,439 SF Class A retail/office condo.; Fully renovated in 2023, offering a modern, turnkey space.; Equipped with 14 private offices, 2 conference rooms, full kitchen, and multiple lounge areas.
More about this property
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