1 Elm Sq Ste 1b Andover, MA 01810-3643
Property profile & analytics
1 Elm Sq Ste 1b Andover, MA 01810-3643
- Specialty properties
- 2,494 SF
Property ID
US38-0216913
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Law Office of Andrew Caffrey, Jr. / Law Firm
- Philip J Byers Law Offices / Law Firm
Property Details for 1 Elm Sq Ste 1b
- Year built
- 1966
- Construction
- STEEL FRAME
- Property size
- 2,494 SF
- Zone code
- GB
- Property type
- Specialty properties
- APN
- ANDO M:00038 B:00117 L:0001B
- APU
- ANDOM00038B00117L0001B
Description
This exceptional commercial property, located at 1 Elm Square L91, Andover, MA, presents a unique investment opportunity. Situated in the heart of downtown Andover, this 0.68-acre lot offers unparalleled accessibility and visibility. The property boasts a lower-level retail or office space, ideal for a variety of uses. The space currently functions as a yoga/dance studio and features three rooms equipped with large mirrors, a spacious lobby/reception area, and ample natural light. Two dedicated parking spaces are included, adding significant convenience for both tenants and clients. The building itself is equipped with an elevator, ensuring accessibility for all, and includes a FedEx drop-off box for added convenience. Its prime location places it within easy walking distance of banks, numerous shopping options, a variety of restaurants, and the commuter rail, guaranteeing high foot traffic and excellent exposure. The iconic building's central location and limitless possibilities make this a truly desirable property in a thriving downtown area. This is an exceptional opportunity to acquire a well-maintained commercial space in a high-demand location. The asking price is $300,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $700,000
- ML approach
- $700,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $355,000
Market price range: $356k - $779k -
Alternative Use
- Use
- Estimation
- CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
- $545,000 Current use
- OFFICE BUILDING
- $630,000 Change: +16% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $595,000 Change: +9% Conversion: Difficult
- RETAIL STORES
- $555,000 Change: +2% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $495,000 Change: -9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Andover
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.1407
- Latitude
- 42.6578
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$9,528
$0.00
$355,900
$355,900
-
$0.00
$0.00
$0.00
