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Beautifully renovated 4, 368 SF brick building situated on a . 25-acre parcel in the desirable Shawsheen Village District. The property, built in 1917, combines historic character with extensive modern upgrades. The building offers four levels of functional space, multiple private offices and meeting rooms, a restroom on each floor, a full kitchen, central HVAC, a three-car garage, and on-site parking. Significant capital improvements include new windows, upgraded electrical and plumbing systems, HVAC, a 2-inch water main, commercial fire suppression and sprinkler systems, a backup generator, an ADA access ramp, and an ADA-compliant first-floor restroom. The property's flexible layout, excellent visibility, convenient access to Routes 28, 93, and 495, and location within one of Andover's most distinctive mixed-use districts make it well-suited for professional office, medical, wellness, educational, nonprofit, or potential multi- or single-family uses, subject to local approvals.
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Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.228% | 6.086% | 6.183% |
| Monthly Tax Payment | $2,174 | $2,174 | $2,174 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,135 | $5,276 | $7,426 |
| Total Monthly Payment | $7,434 | $7,575 | $9,725 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.