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    Property profile & analytics
    OFF-MARKET Estimated value $1,770,000
    Super regional malls

    109 Main St 123, North Andover, MA 01845-2419

    46,104 SF 3.35 ac lot Built 1967
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US38-1160089
    Property summary
    AI-generated overview

    First & Main, located at 109 Main St, North Andover, MA 01845, presents a unique opportunity for businesses seeking versatile office space in a thriving downtown location. This Class B building, constructed in 1967 and renovated in 1990, offers a total of 46,104 square feet across two stories. The property features 11 suites, with a minimum divisible space of 5,779 square feet and a maximum contiguous space of 12,780 square feet. Currently, 10,904 square feet are vacant, offering significant potential for expansion or lease acquisition. The building boasts a 16-foot ceiling height and ample parking with 180 spaces. Utilities include 400 Amp 3-phase power. The 3.35-acre lot is zoned for retail use, reflecting the vibrant commercial environment of the surrounding area. First & Main is situated in the heart of downtown North Andover, near established businesses such as CVS, a wine and spirits store, a restaurant, and various other retail establishments. This property offers a blend of traditional and creative office spaces, also suitable for medical office use, making it an ideal location for a variety of businesses. The building's central location and diverse tenant mix create a dynamic and convenient environment for businesses of all sizes. One retail space of 11,859 square feet is available, subdividable to 4,835 square feet, with an additional 955 square foot mezzanine and 6,069 square feet.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1967
    Total area 46,104 SF
    Lot 3.35 ac (145,891 SF)
    Zoning code GB
    APN NAND M:00029 B:00048 L:00000
    UPID US38-1160089
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • CVS Photo (Bike/Boat/Book/etc) Store
    • Santander Bank ATM Atm
    • CVS Cosmetic Store
    • CVS Pharmacy Pharmacy
    • Boston Chowda Co Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.46M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.08M
    Blend (final) Blend
    $1.77M
    Owner & transaction history
    NA Realty INC · 6 yrs held
    NA Realty INC
    since 2019
    7 recorded transactions
    2019
    2003
    1997
    1995
    1994
    1990
    1988
    Zoning & alternative use
    GB · North Andover, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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