1007 Osgood StNorth Andover, MA 01845

Property Details for 1007 Osgood St

Year built

2007

Property size (Sq ft)

1,876 SF

Property type

Commercial real estate

APN

NAND M:00035 B:00020 L:0005B

APU

NANDM00035B00020L0005B

Description

This exceptional 15,228-square-foot Class B executive office space is ideally situated at 1007 Osgood Street in North Andover, Massachusetts, zip code 01845, within Essex County. The property offers ample parking and excellent signage opportunities. Its prime location directly on Route 125 ensures high visibility, with over 22,000 vehicles passing daily. Convenient access to I-495 via Exit 44 further enhances its accessibility. The surrounding area boasts a vibrant mix of businesses and amenities, including Mad Maggies Ice Cream, Dunkin' Donuts, Bella Vita Day Salon, and Power Yoga Revolution, creating a desirable environment for employees and clients. This property presents a unique opportunity for businesses seeking a prominent location with high traffic exposure and convenient access to major roadways. The property's location within the Great Pond Crossing plaza provides a convenient and high-traffic setting, surrounded by other office and retail buildings. While previously used as a jewelry studio and later by another tenant, this versatile space is suitable for a wide range of office users. The property's lakefront setting adds to its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $351,513

  6.5%

  $324,474

  7%

  $301,297

• Comparable approach

  Method

  Valuation

  Relative Method

  $245,118

  Geo Method

  $245,118

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $638,815

  Retail / Commercial

  $327,581

  Mixed-Use / Specialty

  $326,413

  Hospitality / Lodging

  $239,479

  Office

  $324,474

  Institutional / Educational

  $339,338

  Residential Income

  $397,025

  Multifamily

  $476,171

  Automotive / Energy

  $290,861

  Parking / Income-Based Land

  $100,373

  Restaurant / Food Service

  $169,770

  Healthcare / Senior Housing

  $334,730

Location Insight

City

North Andover

County

Essex

State

Massachusetts

Latitude

42.7144

Longitude

-71.116

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

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