1 Elm Sq Ste 1b Andover, MA 01810-3643
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.
-
Law Office of Andrew Caffrey, Jr. Law Firm
-
Philip J Byers Law Offices Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
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
GB · Andover, MAAndover. Always verify with local authorities before improvements.
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.