1591 Osgood StNorth Andover, MA 01845
- Retail properties
- 3,344 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $812,709
- 6.5%
- $750,193
- 7%
- $696,608
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,101,056
- Geo Method
- $1,101,056
-
Alternative Use
- Use
- Valuation
- Residential
- $632,816
- Hospitality
- $579,656
- Educational
- $482,267
- Medical
- $498,853
- Retail
- $750,193
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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