Leasing Or Buying Retail Sites in Andover: A Great Idea!

If you've considered hunting for an appealing retail location in far western Essex County, Massachusetts, you'll likely want to include sites in this historic municipality in your search. Today the community extends across a wide swathe for U.S. Census purposes. Although the town itself encompasses a population of around 10,000, the outlying environs reportedly bring the total number of people in the area to well over 30,000. This marketplace holds attractions for numerous retailers.

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Retail Space

One key advantage for businesses in the city today includes the town's proximity to important transportation hubs. Development straddles both sides of Road 28, a route leading from New Hampshire, past Methuen and directly into Stoneham, Medford, and other points within the Greater Boston Metro Area. Interstate 495, an important outer beltway, crosses just a short distance north of the community.

Some Neighborhoods Here

Although today the city sprawls across a wide geographic locale via a series of residential enclaves, the primary developed commercial zones here remain the Town Center Neighborhood and frontage along Road 28 (these locations converge downtown). Opportunities for new retail sites occur scattered across the vicinity. Commercial locations also occur in points abutting outlying sections of Road 28 and its major cross streets.

The large campuses of Merrimack College and Phillips Andover Academy form distinctive enclaves here. Intersections in these neighborhoods provide excellent sites for some retail businesses. For example, coffee shops and bookstores often seek locations in university neighborhoods.

Leasing Andover Retail Space

Businesses frequently seek to lease retail premises in this beautiful Massachusetts community. Since retail properties often adjoin residential neighborhoods here, some business locations occur in refurbished housing units. While these types of properties usually accommodate offices, in some cases here they serve as restaurants and small shops, also. Off-street parking proves an exceedingly desirable (and sometimes unavailable) feature in many locations along Road 28. Quiet and residential in some locations, it maintains heavy traffic flows in other spots.

Tenants who rent retail locations often depend heavily upon obtaining both signage and convenient customer access. In many downtown sites here, foot traffic proves exceedingly important in bringing patrons to a marketing site. The frequent side-by-side mix of commercial structures and residential properties makes signage very important as a means of drawing attention to business enterprises. Landlords and tenants must adhere to local ordinances governing sign placement, of course. However, they sometimes negotiate issues impacting permitted advertising. If you've decided to search for available retail properties for lease in this community, consider contacting Boston City Properties for assistance.

Purchasing Retail Property in This Community

From time to time, retail realty becomes available for sale in this town. Boston City Properties also offers valuable assistance to companies searching for commercial properties to purchase. If you share your requirements with us, we'll assist you in locating retail sites of possible interest to you.

Typically, buyers seeking retail space financing obtain shorter mortgage terms than residential property seekers. The profitability of a particular location may prove critical to the success of the retail venture under these circumstances. Sometimes companies benefit by renting retail premises prior to making a purchasing decision. A rental period allows the company to essentially "test" the local market to ascertain how well a store fits into the neighborhood and to assess average monthly revenues. Taking this step helps some entrepreneurs evaluate the feasibility of obtaining short term mortgage financing in order to purchase realty.

Listing Retail Space For Lease or Sale

The sale or lease of retail property in this locale interests companies seeking marketing locations. Sellers sometimes decide to explore the commercial potential of residential properties they have considered placing on the realty market. In some cases, obtaining exemptions or zoning changes may permit a property owner to offer a house or an apartment building for commercial use. While not always possible, changing a location from a residential to a commercial site improves the marketability of older or dated properties in some situations.

Boston City Properties concentrates on communities within this lovely Massachusetts region. We offer many real estate services of interest to property sellers and landlords. If you've decided to place a commercially zoned lot or building on the realty marketplace here, consider inquiring about our services. We look forward to assisting you!

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Retail Space