550 Tpke St Rte North Andover, MA 01845
Crossroads Plaza, located at 550 Turnpike Street, Route 114 in North Andover, MA 01845, offers exceptional retail space for lease. This strip center boasts a total gross leasable area (GLA) of 24,000 square feet and features two available suites. One suite, previously occupied by Snip-its, offers 1,650 square feet, while a larger contiguous space of 6,865 square feet is also available. The property is zoned for General Business use, providing flexibility for a variety of retail tenants. Ample parking is provided with over 172 spaces, ensuring convenient access for customers. The high-traffic location on Route 114 sees an impressive 36,070 cars per day, offering significant visibility and potential for high foot traffic. The property is serviced by town water, sewer, and gas. This prime retail location presents a unique opportunity for businesses seeking high visibility and convenient access in a thriving North Andover community. The minimum divisible space is 6,865 square feet, while the maximum contiguous space available is also 6,865 square feet. A total of 8,515 square feet is currently vacant. This presents a compelling opportunity for businesses seeking a prominent location with strong traffic counts and ample parking.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.