305 N Main St
Andover, MA 01810
Property For Lease

SVN | Parsons Commercial Group | Boston is pleased to present this opportunity to purchase 305 North Main Street (“the property”), a 47,857± RSF multi-tenant office, retail, medical building located in Andover, Massachusetts. Originally known as “Balmoral Spa” this magnificent building is being offered for sale for the first time in 50 years! 305 North Main Street offers the perfect opportunity to purchase a landmark in Downtown Andover. The property is currently 45% occupied to a mix of nine diverse tenants and lends itself well to an owner/investor or re-positioning. The property has been self managed and leased by owner occupant. remendous upside potential through a full scale leasing and marketing campaign. 305 North Main Street offers a wide variety of use types including office, medical, retail, technology firms, professional services, recreational services and more. This creates a major advantage for the building which can accommodate most business uses. Easy Access to Route 495 (1/2 Mile) and Route 93. Situated along the Shawsheen River, 305 North Main Street was the centerpiece of The Shawsheen Village and now the centerpiece to Downtown Andover. The property was built between 1919 and 1924 by William Madison Wood, the early 20th century textile industrialist who at one time was the wealthiest man in the United States. 305 North Main Street has been carefully updated and maintained to fit the style of the original period that it was built in, with the amenities of today. Suites feature large windows with ample natural light (and some spaces have river views), making the spaces a pleasure to work in. 305 North Main Street is being offered exclusively for sale by SVN | Parsons Commercial Group | Boston without a formal asking price. Once qualified investors and users have had the opportunity to tour the property and evaluate the offering materials we will schedule a formal call for offers. Please call for a full offering package and tour details.