Listed by Century 21 McLennan & Company
$330,000
583 Chickering Road 6 and 7
Details
Property Type Retail, Land
Sub Type Commercial
Square Footage 1,650
Retail | 1,650 SF
Marketing description
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.
Listing Contacts
Listed by Century 21 McLennan & Company
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