Incredible opportunity to own a high-exposure mixed-use property in the heart of Andover’s thriving downtown district. 75 Essex Street is located within the MBTA Multi-Family Zoning District, which opens the door for potential conversion to multi-unit residential use, subject to local bylaws and approvals. This highly visible and versatile building is currently utilized as a mortgage office but is well-suited for a wide range of professional uses, including real estate, legal, insurance, mortgage brokerage, or general business operations. Just steps from the commuter rail and surrounded by active redevelopment, this property offers long-term value in one of the area’s most desirable commercial and residential areas. With the redevelopment coming to this prime location in Andover this property has strong market dynamics including great visibility, high foot traffic, and an established presence. Capitalize on the energy of a growing area that will evolve with your vision over time..
75 Essex St, Andover, (In Town), MA, 01810
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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