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    Property profile & analytics
    OFF-MARKET Estimated value $1,800,000
    Office buildings

    1740 Tpke St, North Andover, MA 01845-6323

    7,624 SF 1 ac lot Built 1983
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US38-0605722
    Property summary
    AI-generated overview

    This exceptional 5,700 square foot executive office suite, located at 1740 Turnpike Street in North Andover, Massachusetts, presents a unique opportunity for businesses seeking a prestigious and modern workspace. Situated in a beautifully renovated building, this single-tenant space boasts a thoughtfully designed layout incorporating a mix of smaller private offices, a larger office or conference room, and an open-plan "bullpen" area. High-end fixtures and designer colors create an upscale atmosphere. Amenities include two bathrooms and a full-size lunchroom. The property is zoned Village Commercial by the Town of North Andover and benefits from its strategic location between Middleton's downtown area and North Andover's retail centers, a rapidly growing area. High traffic counts on Route 114 (over 20,000 vehicles daily) ensure excellent visibility and accessibility. This space is ideal for a retail business or office user and could potentially be combined with an adjacent 1,600 square foot unit (unit 101), offering further expansion possibilities. The property's prime location and modern design make it one of the most desirable spaces in North Andover. Zip code: 01845.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1983
    Total area 7,624 SF
    Lot 1 ac (43,560 SF)
    Zoning code R2
    APN NAND M:00107 B:B0021 L:00000
    UPID US38-0605722
    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
    • Movement Mortgage - Formerly Superior Rate Mortgage Of New England, LLC Loan Service Bank
    • Devlin Harding Loan Officer - Movement Mortgage Loan Service Bank
    • Riley Fraser - Movement Mortgage Loan Service Bank
    • Jake Kelly Loan Service Bank
    • Ryan Gagne - Movement Mortgage NMLS # 2359485 Loan Service Bank
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.46M
    Blend (final) Blend
    $1.80M
    Owner & transaction history
    Grieco Realty LLC · 10 yrs held
    Grieco Realty LLC
    since 2016
    1 recorded transaction
    2016
    $685,000
    Zoning & alternative use
    R2 · North Andover, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.6M +54.3%
    Apartment house (5+ units) $2.4M +42.9%
    Commercial (general) $2.1M +20.5%
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