6 Windsor StAndover, MA 01810

Property Details for 6 Windsor St

Year built

1917

Construction

FRAME

Lot size

0.26 AC

Property size (Sq ft)

4,368 SF

Zone code

GB

Property type

Office properties

Property subtype

Office buildings

APN

ANDO M:00052 B:00044 L:00000

APU

ANDOM00052B00044L00000

Description

This stunning, free-standing all-brick building, situated on a 0.26-acre lot in Andover, MA's historic Shawsheen Village District, presents a unique investment opportunity. Currently undergoing renovation, this four-story property offers exceptional versatility for commercial or residential use. The building boasts multiple rooms and offices, providing ample space for a variety of needs. Each floor includes a bathroom, enhancing convenience and functionality. Modern amenities include central air conditioning and heating, ensuring year-round comfort. Significant upgrades have been completed, including brand new plumbing and electrical systems, as well as a state-of-the-art commercial fire suppression system. The main floor features a handicap-accessible bathroom and a wheelchair ramp, promoting inclusivity and accessibility. Off-street parking is plentiful, complemented by a detached three-car garage, offering ample space for vehicles or storage. The property's central location provides easy access to major highways, public transportation, shopping, and downtown Andover. The seller will continue renovations depending on the sale date, with the property sold as-is at the time of offer. This exceptional property is back on the market due to previous buyer financing issues, presenting a second chance to acquire this remarkable multi-use building.

• CAP approach

  CAP return

  Valuation

  6%

  $722,161

  6.5%

  $666,610

  7%

  $618,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $570,723

  Geo Method

  $570,723

• Alternative Use

  Use

  Valuation

  Residential

  $826,596

  Hospitality

  $757,158

  Educational

  $629,946

  Medical

  $651,611

  Retail

  $979,917

Location Insight

City

Andover

County

Essex

State

Massachusetts

Latitude

42.6736

Longitude

-71.1519

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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