785 Turnpike StNorth Andover, MA 01845

Property Details for 785 Turnpike St

Year built

1974

Lot size

1.00 AC

Property size (Sq ft)

2,064 SF

Zone code

GB

Property type

Gas stations

APN

NAND M:00098 B:D0009 L:00000

APU

NANDM00098BD0009L00000

Description

This exceptional 7,000 square foot retail property, located at 785 Turnpike Street in North Andover, Massachusetts, presents a unique investment or development opportunity. The property is situated in Essex County, offering convenient access to major roadways and a thriving local community. Currently vacant, the entire 7,000 square feet is available for immediate occupancy, providing a blank canvas for a variety of retail concepts. The single-tenant configuration allows for complete control and customization of the space. The property is classified as both retail and land, suggesting potential for expansion or redevelopment, subject to local zoning regulations. Its street retail subtype indicates high visibility and accessibility for customers. The zip code is 01845. This location in North Andover offers a strong demographic profile and significant potential for attracting a wide range of businesses. The property's size and location make it ideal for a variety of uses, from a flagship retail store to a multi-use commercial space. This is a rare opportunity to acquire a substantial retail property in a desirable Massachusetts location. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and development potential are available upon request. The property is ready for immediate development or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $501,624

  6.5%

  $463,038

  7%

  $429,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $679,599

  Geo Method

  $679,599

• Alternative Use

  Use

  Valuation

  Residential

  $390,590

  Hospitality

  $357,778

  Educational

  $297,667

  Medical

  $307,904

  Retail

  $463,038

Location Insight

City

North Andover

County

Essex

State

Massachusetts

Latitude

42.6601

Longitude

-71.1085

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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