583 Chickering Road 6 and 7 North Andover, MA 01845
Retail
MLS #: 73350903
Listed By CENTURY 21 McLennan & Company
1
Property InformationDescription
LOCATION, LOCATION, LOCATION!!! WELL ESTABLISHED RETAIL SPACE, WINDOW STOREFRONT, UPDATES, CAP RATE!!! STRATEGIC, HIGH VISABILITY ON RTE 133 near many amenities! 12,203 AADT (traffic count) daily. Accessible, multiple storage areas, (1) ADA compliant 1/2 bath, updated interior & mechanicals, extensive plumbing/washer/dryer/sink/tub hookups, water bubbler, several additional separate rooms, (5) parking spots (4 front, 1 back) & offers flexible floor plan. Condo professionally managed. Currently estimated/pro forma: Net Operating Income (NOI): $29,828. CAP Rate 12.97. Income flow! Tenant owns pet grooming business & has never been late on payment, current lease through May 2026. Building exterior overhang, electrical, lighting recently updated 2024. Sprinkler system updated 2021. Tenant pays: ALL utilities/insurance/trash, almost all taxes & condo fees, 50% other CAM fees, if any. Highways, schools, businesses nearby. FY25 CIP Tax Rate North Andover $15.82/$1k, LOWER than most in area.
Features
- Building Area: 1650.00 SF
- Cross Docks: N
- Docks: 1
- For Auction: N
- Level Number: 1
- MLSID: 73350903
- Parking Places: 5
- Price Upon Request: N
- Property Use: Business for Sale
- Style: Retail Business
- Sublease: N
- Year Built: 1980
