Current Use by Public Records
- The Upper Crust Pizzeria / Restaurant
Property Details for 162 Sutton St
- Year built
- 1997
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Andover
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.1338
- Latitude
- 42.7065
