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1538 Turnpike St 20,000 SF 100% Leased Office Building North Andover, MA 01845 $3,500,000 ($175/SF)
EXECUTIVE SUMMARY
Excellent opportunity to acquire a freestanding four-story office building on a prominent acre lot with prime visibility on Route 114 in North Andover. The well-maintained property offers ~60 parking spaces and a flexible layout with two units available for lease—ideal for an owner-occupant or investor. Alternatively, buyers seeking an office condominium can purchase a full floor—approximately 5,000 SF—for $950,000. Features include an elevator, three stairwells, restrooms on each level, a welcoming lobby, and separate electric, heat pumps, and AC per unit. Recent upgrades: newer roof, windows, and lighting. Easy access to I-95 and I-495. Seller financing available. Potential conversion to apartments, condos, or office condos requires buyer to conduct their own due diligence.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
20,000 SF
Building Class
C
Year Built
1986
Price
$3,500,000
Price Per SF
$175
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,888 SF
Slab To Slab
10’
Building FAR
0.46
Lot Size
1.00 AC
Zoning
VR - Village Residential District that allows for various residential uses, including single- and multi-family dwellings, on small lots within established
Parking
67 Spaces (3.35 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | NAND-000107B-000005 | Improvements Assessment | $1,276,300 |
| Land Assessment | $370,300 | Total Assessment | $1,646,600 |
PROPERTY TAXES
Parcel Number
NAND-000107B-000005
Land Assessment
$370,300
Improvements Assessment
$1,276,300
Total Assessment
$1,646,600
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1538 Turnpike St
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