Right in the heart of Andover’s vibrant downtown, 75 Essex St. is a highly visible mixed-use property, overflowing with long-term potential. Currently operating as a professional mortgage office, this versatile building is a perfect match for a law firm, real estate agency, insurance group, or general business looking for an established, high-exposure presence. What sets this property apart is its location within the MBTA Multi-Family Zoning District. This designation opens exciting doors for a potential multi-unit residential conversion, pending local approvals. Just steps from the commuter rail, surrounded by active neighborhood redevelopment, and fueled by excellent foot traffic. Whether you choose to maintain its professional commercial use or pivot toward a residential future, this prime location allows you to capitalize on the incredible energy of a growing district. Brand NEW interior paint, flooring and carpet! Claim your stake in desirable, downtown Andover TODAY!
75 Essex St, Andover, 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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