1740 Turnpike StNorth Andover, MA 01845

Property Details for 1740 Turnpike St

Year built

1983

Lot size

1.00 AC

Property size (Sq ft)

7,624 SF

Zone code

R2

Property type

Office properties

Property subtype

Office buildings

APN

NAND M:00107 B:B0021 L:00000

APU

NANDM00107BB0021L00000

Description

This exceptional 5,700 square foot executive office suite, located at 1740 Turnpike Street in North Andover, Massachusetts, presents a unique opportunity for businesses seeking a prestigious and modern workspace. Situated in a beautifully renovated building, this single-tenant space boasts a thoughtfully designed layout incorporating a mix of smaller private offices, a larger office or conference room, and an open-plan "bullpen" area. High-end fixtures and designer colors create an upscale atmosphere. Amenities include two bathrooms and a full-size lunchroom. The property is zoned Village Commercial by the Town of North Andover and benefits from its strategic location between Middleton's downtown area and North Andover's retail centers, a rapidly growing area. High traffic counts on Route 114 (over 20,000 vehicles daily) ensure excellent visibility and accessibility. This space is ideal for a retail business or office user and could potentially be combined with an adjacent 1,600 square foot unit (unit 101), offering further expansion possibilities. The property's prime location and modern design make it one of the most desirable spaces in North Andover. Zip code: 01845.

• CAP approach

  CAP return

  Valuation

  6%

  $1,260,475

  6.5%

  $1,163,515

  7%

  $1,080,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $996,152

  Geo Method

  $996,152

• Alternative Use

  Use

  Valuation

  Residential

  $1,442,759

  Hospitality

  $1,321,560

  Educational

  $1,099,522

  Medical

  $1,137,336

  Retail

  $1,710,368

Location Insight

City

North Andover

County

Essex

State

Massachusetts

Latitude

42.6371

Longitude

-71.0774

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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