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68 Park St 2,960 SF 38% Leased Office Building Andover, MA 01810 $1,349,000 ($455.74/SF)
Investment Highlights
- Prime Downtown Andover
Executive Summary
Situated in a prime downtown location, this well-maintained property offers off-street parking, with additional spaces in the back, seven offices, four bathrooms, and a shared conference room. Six offices are currently rented to long-term tenants, with rents below market value. The building is in meticulous condition, with regular upkeep and a roof that is only 7 years old. Overall, this property has been carefully maintained to ensure both functionality and curb appeal. Ideal for an owner-occupant seeking income or an investor looking to lease the entire building—don’t miss this opportunity to own a piece of downtown history!
Buyer responsible for own due diligence including confirmation of zoning. Taxes and Assessed Value are approximate.
Buyer responsible for own due diligence including confirmation of zoning. Taxes and Assessed Value are approximate.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,960 SF
Building Class
C
Year Built
1893
Price
$1,349,000
Price Per SF
$455.74
Percent Leased
38%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,480 SF
Building FAR
0.49
Lot Size
0.14 AC
Zoning
GB, Andover - (GB) zoning district is a commercial area that includes professional offices, retail establishments, and light manufacturing.
Parking
27 Spaces (9.12 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Unit 4, private office, shared conference room, available now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 4 | 212 SF | Office | - | Now |
2nd Fl-Ste 4
| Size |
| 212 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 4
| Size | 212 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Unit 4, private office, shared conference room, available now
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | ANDO-000039-000087-000001 | Improvements Assessment | $213,200 |
| Land Assessment | $0 | Total Assessment | $213,200 |
Property Taxes
Parcel Number
ANDO-000039-000087-000001
Land Assessment
$0
Improvements Assessment
$213,200
Total Assessment
$213,200
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68 Park St
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