48-50 Water Street, DowntownNorth Andover, MA 01845MLS Number 72966480

  • Price: $749,000
  • 35 Days on Market
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Federal 30-year interest rate: 5.3% last updated on May 12, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Contingent
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  • 0.13Acreage
  • 1900Year Built
  • 3,988Square Feet
  • 5Parking Spaces

Driving Directions

Attention contractors and investors -- BIG reduction! Extraordinarily rare offering of a commercial/multi-family building in the heart of historic Machine Shop Village in downtown North Andover. Anchored for nearly 50 years by Richard's TV, this property now awaits your vision for the next half century. The large street-level space includes a retail storefront, office, restroom, and rear workroom. Build it out to fit your needs, or possibly convert to another residential unit with town approval. Upstairs are three one bedroom apartments with mostly separate utilities. Additional storage area in attic and basement. Ample on and off-street parking. Do not miss this opportunity to generate rental and business income while putting your stamp on North Andover history.

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Windhill Realty
Windhill Realty
Office: 978.356.8922
16 Market Street
Ipswich, MA 01938

More Info

Parking

  • Parking Spaces5
  • Parking Feature1-10 Spaces, Paved Driveway
  • Total Parking Spaces5

Building

  • Year Built1900
  • Total Bldg Sf3988
  • Rsu Units3
  • Reu Units1
  • No Buildings1
  • No Stories3
  • Entry OnlyNo
  • Assessed Value Bldg304000

Photos

  • Photo Date2022-04-23T22:26:00
  • Number of Photos33

Basic Information

  • MLS Number72966480
  • Prop TypeCI
  • Status Date2022-05-14T14:18:00
  • Date Listed04/13/2022
  • List Price$749,000
  • Price Per Square Foot$188
  • LeaseNo
  • DirectionMain, High, or Elm to Water.
  • MLS StatusContingent

Exterior

  • Roof MaterialAsphalt/Composition Shingles

Location

  • StreetWater Street
  • TownNorth Andover
  • StateMA
  • Zip01845
  • CountyEssex
  • NeighborhoodDowntown
  • LocationDowntown

Property

  • Acreage0.13
  • Space AvailableFor Sale
  • Square Feet3,988
  • SubletNo
  • Lot Size5493
  • Assessed Value Land204300
  • Main LoAC1022

Other

  • Modification Date2022-05-14T14:18:00
  • Property TypeMixed Use
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • DisclosuresProperty to be sold as is; Seller has never occupied. Square footage breakout is an estimate. All information provided in this listing is believed to be accurate, however Buyer and/or Buyer's agent should perform any and all due diligence.
  • Book1178
  • Listing AgreementExclusive Right to Sell
  • Rsf Bldg Sf2488
  • Ref Bldg Sf1500
  • ExchangeNo
  • Firm Rmk1Commercial space and two apartments are vacant. Third apartment expected to be vacant by mid-May.
  • Page483
  • Sale Date05/14/2022
  • View Count1

North Andover, MA Demographics

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North Andover, MA Real Estate Market Data

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North Andover, MA Schools

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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