2,320 SF Free Standing Office Condo Near Commuter Rail

Office for Sale
Catylist Listing ID: 30672056
Property Subtypes: Office Building
Building Size (RSF): 2,320 SF
Gross Building Area: See Agent
Sale Price: $549,000
Unit Price: $236.64 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 50
Last Updated: 4/20/2021

Overview / Comments

Originally developed as a freestanding condominium, 206 Andover Street offers you flexibility for a number of office scenarios. The property is divided into 4 individual suites allowing you to use and occupy or rent individual suites to area tenants. The property is being sold individually or in a portfolio with 206D Andover Street and 19 Dale Street.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: 138 0 23 D
Zoning: IG
Highway Access: 1.3 miles away from I-93
Airports: 23.8 miles from Logan Int. airport | 33.4 miles from Manchester-Boston Regional Airport
Site Description: Being sold individually or in the same portfolio with 206D and 19 Dale Street
Area Description: 206 Andover Street is located in Andover MA near the Shawsheen River. The property is located just steps to the Ballardvale Commuter Rail Station and four minutes from interstate 93.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1987
Year Renovated: 1994
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Clapboard exterior
Parking Ratio: 1.3 (per 1000 SF)
Parking Type: Surface
Parking Description: Large parking-lot shared with other properties nearby
Heat Type: Natural Gas
Heat Source: Other
Interior Description: 100% Air Conditioning
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,963 38,623 137,165
Median Age: 42.95 40.85 39.5
Households: 970 13,826 48,785


Photograph of Listing Agent

Jeremy Cyrier

Mansard NECPE Member
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