790 Turnpike StNorth Andover, MA 01845
- Office properties
- 94,448 SF
Property Details for 790 Turnpike St
- Property size (Sq ft)
- 94,448 SF
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- NAND M:00098 B:D0008 L:00010
- APU
- NANDM00098BD0008L00010
Description
Jefferson Office Park, located at 790 & 800 Turnpike Street in North Andover, Massachusetts, offers 94,328 square feet of Class B office space. This multi-tenant property comprises four three-story buildings, built in 1986, and provides ample parking with 145 spaces. The park features executive office suites, with a minimum divisible space of 646 square feet and a maximum contiguous space of 5,359 square feet. Currently, there are 38,019 square feet of vacant space available. Recent improvements include updated lobbies, bathrooms, and a tenant-accessible conference center. The property enjoys a convenient location directly on Route 114, offering easy access to a variety of retail destinations within a 1.5-mile radius. Situated in Essex County, zip code 01845, this property presents a compelling opportunity for businesses seeking high-quality office space in a desirable location. The property is ideally suited for businesses seeking flexible space options ranging from smaller executive suites to larger contiguous spaces. The ample parking and updated amenities further enhance the appeal of this well-maintained office park.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $15,615,076
- 6.5%
- $14,413,916
- 7%
- $13,384,350
-
Comparable approach
- Method
- Valuation
- Relative Method
- $12,340,576
- Geo Method
- $12,340,576
-
Alternative Use
- Use
- Valuation
- Residential
- $17,873,256
- Hospitality
- $16,371,806
- Educational
- $13,621,151
- Medical
- $14,089,603
- Retail
- $21,188,456
Location Insight
- City
- North Andover
- County
- Essex
- State
- Massachusetts
- Latitude
- 42.6607
- Longitude
- -71.1071
- 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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