Property summary
This exceptional North Andover property at 133 Main Street presents a rare investment opportunity. The two-story, 1,964-1,980 square foot building sits on a 0.18-acre lot (7,928 sq ft) and boasts a desirable downtown location in Essex County, MA (zip code 01845). Currently configured as a restaurant with additional office space, this versatile property offers significant income potential. The first floor restaurant space has a potential rental income of $3,500 plus NNN, while the four office units each have a potential rental income of $1,000. The building features frame construction, an asphalt/composition shingle roof, and ample parking for up to 10 vehicles located at the rear of the property. Utilities include public water, public sewer, and natural gas. The property is zoned GB and has a total of four units. Built in 1858, this property offers a blend of historic charm and modern adaptability, making it ideal for a variety of uses. The high-traffic location ensures strong visibility and consistent foot traffic, creating an excellent foundation for a thriving business. This is a unique chance to acquire a well-situated commercial property with multiple income streams in a vibrant community. The property's size and layout provide ample space for creative customization and expansion.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon Nail Salon
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Law Firm
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Barber Shop
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Nail Salon
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Similar Nearby for Lease
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
GB · North Andover, MAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for GB in North Andover, MA.
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