For Sale
$2,000,000

162 Sutton StNorth Andover, MA 01845

North Andover, MA Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 4,000 square foot shopping center in North Andover, Massachusetts presents a compelling investment opportunity. Located at a highly visible, signaled intersection on Sutton Street, this single-story, Class B property boasts a strong tenancy with credit tenants including H&R Block and Upper Crust Pizza. The property features three units, ample off-street parking (20 spaces), and benefits from a daily traffic count of 23,394 vehicles. Built in 1997 and extensively renovated in 2022 and 2023, the building showcases excellent architecture and long-term NNN leases, minimizing landlord responsibilities. Situated less than a third of a mile from I-495, providing easy access to I-93 and I-95, this location offers unparalleled convenience for both tenants and customers. The property sits within a thriving Northshore community, just 25 minutes from Boston, the ocean, and the nearby mountains and lakes region. North Andover itself is a diverse town with excellent schools and a robust economy, anchored by major employers such as Amazon, Watts Water Technologies, Merrimack College, and ERGO Group. The 15,000 square foot lot is zoned for commercial use. This is a turnkey investment with significant upside potential. The asking price is $2,000,000.

Highlights

  • Solid tenancy with credit tenants including H&R Block and Upper Crust Pizza.
  • Located at a signalized intersection on Sutton Street.
  • High traffic count of 23,394 vehicles per day.
  • Ample off-street parking (20 spaces).
  • Long-term NNN leases.
  • Extensive renovations completed in 2022 and 2023.

Property Details for 162 Sutton St

Property type
Lifestyle centers, Power centers
Square Feet
4,000 SF
Class
B
Year Built/Renovated
1997/2022
Buildings
1
Stories
1
Units
3

Location Insight

City
North Andover
County
Essex
State
Massachusetts
Latitude
42.7064544
Longitude
-71.1338198
162 Sutton St, North Andover, Massachusetts

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162 Sutton St
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