65 Flagship Dr North Andover, MA 01845-6171
- Industrial properties
- 24,000 SF
- 2.77 lot acres
Mar 29, 2024
Current Use by Public Records
- Goaltending Development Services / Hockey Club
- Ryan Hewitt / Chiropractor
- Irwin Fitness & Health Coaching / Personal Trainer / Health Consultant
- In8 Chiropractic Wellness Center- North Andover / Chiropractor
- Clubhouse / Fitness Center
Property Details for 65 Flagship Dr
- Year built
- 1980
- Lot size
- 2.77 lot acres
- Property size
- 24,000 SF
- Zone code
- I1
- Property type
- Industrial properties
- APN
- NAND M:00107 B:C0076 L:00000
- APU
- NANDM00107BC0076L00000
Description
This exceptional 26,750 square foot single-story office building, constructed in 1980 and renovated in 1990, presents a rare opportunity in North Andover's premier office park. Located conveniently off Route 114, the property offers a variety of shared office spaces, ranging from a minimum of 200 square feet to a maximum contiguous space of 300 square feet. Currently, 750 square feet are vacant, spread across three available suites within the building's fifteen total suites. Each suite boasts an impressive 11-foot ceiling height. The property sits on 1.65 acres of land and provides ample parking with 101 spaces. This all-inclusive space offers numerous amenities, including five conference rooms, a reception/lobby area, a full kitchen, four restrooms within the suites, and print/scan stations. The building features 24-hour access and is fully furnished. For those seeking a more cost-effective solution, low-cost virtual office memberships are also available, granting access to all building amenities. This is an ideal solution for businesses seeking a professional environment without the burden of managing their own office space.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,375,000
- ML approach
- $2,375,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,255,000
- 6.5%
- $3,925,000
- 7%
- $3,645,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $3,930,000 Current use
- WAREHOUSE, STORAGE
- $3,375,000 Change: -14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- North Andover
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.1087
- Latitude
- 42.657
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA