Property profile

209 Main St Andover, MA 01810

OFF-MARKET
Commercial real estate
Property ID
US38-1857033
25.2 ac lot
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

Shawsheen Plaza, located at 209 N Main St in Andover, MA 01810, offers exceptional retail space for lease. This Essex County property boasts a total of 4,000 square feet, currently entirely vacant and available for immediate occupancy. The space is divisible, with a minimum leasable area of 1,500 square feet and a maximum contiguous space of 2,500 square feet, providing flexibility for various business needs. Ideal for a single tenant seeking a larger space or multiple tenants looking for smaller, adjacent units. The property is classified as a storefront retail space within a multi-tenant building. Its prime location in Andover, Massachusetts offers excellent visibility and accessibility for customers. The property's address is easily identifiable and situated on a main thoroughfare, ensuring high foot traffic and potential for strong business growth. This is a unique opportunity to establish or expand your retail presence in a thriving Andover community. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 25.2 ac (1,097,712 SF)
Zoning code MU
APN ANDO M:00037 B:00007 L:00000
UPID US38-1857033

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
  • Loan Service Bank
  • Restaurant
  • Painting Home Improvement Store
  • Loan Service Bank
  • Loan Service Bank

Location

209 Main St Andover, MA 01810-3116
Andover metro Census 254100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$51.97M

Owner & transaction history

since 2023
Last sale
$53.5M
5 recorded transactions
2023
Price N/A
2021
$53.5M
2010
Price N/A
2004
$1
1993
Price N/A

Zoning & alternative use

MU · Andover, MA
Zoning description

te a hazard or nuisance. 4. No outdoor lighting shall be mounted higher than 25 feet above finished grade, and lighting sources shall be designed to prevent excessive glare on adjoining property. 8.2 MIXED USE DISTRICT (…

General category MIXED_USE

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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