191 Chandler Rd - Office CONDO FOR SALE


Andover, MA 01810
$629,000 USD
617-674-2043
191 Chandler Rd, Andover, MA for Sale
$629,000 USD
Office CONDO - FOR SALE
1/13
null | Request Cap Rate

191 Chandler Rd
Andover, MA 01810


HIGHLIGHTS

  • Real Estate Taxes (2025): $10,677
  • Condo Fee (2025): $1,000/Month
  • 3,899 SF | Two-Story Office Condominium
  • Zoning: ID — Medical, Behavioral Health, Professional Services & R&D Permitted by Right
  • Multiple Private Offices | Therapy & Meeting Rooms | 4 Half-Baths
  • Direct I-93 Visibility | Andover/I-93 Professional Corridor

OVERVIEW

191 Chandler Road, Unit B is a fully built-out, two-story office condominium situated in Andover's ID (Institutional/Industrial) zoning district — one of the most versatile designations in the Merrimack Valley, permitting medical offices, behavioral health and therapy practices, outpatient clinics, professional services, and light R&D by right. Priced at $161/SF, this turnkey asset is available well below replacement cost for a fully improved professional suite. Extensively renovated and move-in ready, the space features multiple private offices, dedicated therapy and meeting rooms, a large open-plan area, and four half-bathrooms — a buildout that would cost $150,000+ to replicate from shell condition. With direct I-93 visibility and immediate access to the Andover/I-93 professional corridor, the property offers the brand exposure and accessibility that client-facing businesses demand. Owner-users may qualify for SBA 504 financing with as little as 10% down, with monthly payments frequently comparable to current market lease rates.

FOR SALE DETAILS

PRICE

$629,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

191 Chandler Road, Unit B | Andover, MA 01810

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, R&D, Light Distribution

TOTAL BUILDING SIZE

3,899 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

Industrial D

APN/PARCEL ID

ANDO-000145-000005-D000000,ANDO-000145-000005-D000001,ANDO-000145-000005-D000002

ASK ABOUT THIS PROPERTY

Jeremy CyrierMANSARD COMMERCIAL PROPERTIESMore Info
617-674-2043

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Jeremy CyrierMANSARD COMMERCIAL PROPERTIESMore Info
617-674-2043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.