1591 Osgood StNorth Andover, MA 01845

Property Details for 1591 Osgood St

Year built

1950

Lot size

2.85 AC

Property size (Sq ft)

3,344 SF

Zone code

IS

Property type

Turn key restaurants

APN

NAND M:00034 B:00004 L:00000

APU

NANDM00034B00004L00000

Description

Exceptional investment opportunity in North Andover, MA, encompassing a 2.846-acre parcel zoned IS. This property features two established, currently operating businesses: Jimmy's Famous Pizza and The Cork Stop. The asking price is $2,750,000. The location offers unparalleled visibility and accessibility, situated directly across the street from a newly opened, 3.8-million-square-foot Amazon e-commerce, warehouse, and distribution facility on a 110-acre lot. This strategic positioning provides significant advantages for future growth and profitability. The property consists of two units and presents a unique chance to acquire established businesses alongside a substantial land holding. The high-traffic location, coupled with the proximity to a major e-commerce hub, creates a compelling investment proposition with significant potential for long-term returns. This is a rare opportunity to own a thriving commercial property in a rapidly developing area. The property's two existing businesses offer immediate cash flow, while the expansive land provides ample room for expansion or future development. Detailed financial information and operational data are available upon request. Don't miss this chance to secure a prime commercial asset in a high-growth market.

• CAP approach

  CAP return

  Valuation

  6%

  $632,578

  6.5%

  $583,918

  7%

  $542,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $454,404

  Geo Method

  $454,404

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,138,700

  Mixed-Use / Specialty

  $581,836

  Hospitality / Lodging

  $426,875

  Office

  $578,380

  Institutional / Educational

  $604,875

  Residential Income

  $707,704

  Multifamily

  $848,782

  Automotive / Energy

  $518,465

  Parking / Income-Based Land

  $178,916

  Restaurant / Food Service

  $302,618

  Healthcare / Senior Housing

  $596,662

Location Insight

City

North Andover

County

Essex

State

Massachusetts

Latitude

42.7327

Longitude

-71.1123

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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