Technical
Financial
Distress signals
Property profile

133 Main St North Andover, MA 01845

OFF-MARKET
Turn key restaurants
Property ID
US38-1301202
3,944 SF 0.18 ac lot Built 1858
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1858
Total area 3,944 SF
Lot 0.18 ac (7,928 SF)
Zoning code GB
APN NAND M:00030 B:00041 L:00000
UPID US38-1301202

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • Law Firm
  • Barber Shop
  • Nail Salon
  • Law Firm

Location

133 Main St North Andover, MA 01845-2421
North Andover metro Census 253100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2025
6 recorded transactions
2025
$670,000
2008
Price N/A
2004
$700,000
1991
$260,000
1989
$495,000
1988
Price N/A

Zoning & alternative use

GB · North Andover, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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