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Investment Highlights
- Just steps to the MBTA Commuter Rail. Nearby re-development is booming. Charming old New England charm, in turn key condition.
Executive Summary
Positioned right in the heart of Andover’s vibrant downtown, 75 Essex Street is a highly visible mixed-use property overflowing with long-term potential. Currently operating as a professional mortgage office, this versatile building is a perfect match for a law firm, real estate agency, insurance group, or general business looking for an established, high-exposure presence. What truly sets this property apart is its location within the MBTA Multi-Family Zoning District. This designation opens exciting doors for a potential multi-unit residential conversion (3 units), pending local approvals. You are just steps from the commuter rail, surrounded by active neighborhood redevelopment, and fueled by excellent foot traffic. Whether you choose to maintain its professional commercial use or pivot toward a residential future, this prime location allows you to capitalize on the incredible energy of a growing district. Bring your vision and secure a stake in one of Andover's most desirable areas. Call Lindsay Strozza at 978-390-3998 for more info, or to book a private tour.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,980 SF
Building Class
C
Year Built
1916
Price
$799,900
Price Per SF
$403.99
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
990 SF
Building FAR
0.35
Lot Size
0.13 AC
Zoning
GB - MU - Mixed Use District
Parking
10 Spaces (5.05 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | ANDO-000054-000049 | Improvements Assessment | $348,400 |
| Land Assessment | $262,500 | Total Assessment | $610,900 |
Property Taxes
Parcel Number
ANDO-000054-000049
Land Assessment
$262,500
Improvements Assessment
$348,400
Total Assessment
$610,900
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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75 Essex St
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