560 S Main St Andover — Photo 1 of 18
Recent Drop: $550,000
$4,950,000
Investment Analysis — 560 S Main St
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a home in 01810 carries an estimated $2,030/mo in gross rent — about a -1.04% cap rate and $-51,346/yr in estimated NOI at the $4,950,000 list price. Adjust every assumption in the calculator below.
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Style
Other
Built
2008
Situated on Route 28 at the intersection of Route 125, with convenient access to I-93 and I-495, 560 S Main Street st offers a 9,010 sq/ft commercial building on 1.46 acres, with 100 marked parking spaces that is ideally suited for restaurant operators, retail users, or mixed-use redevelopment. Built in 2008, the property has long served as the home of Tokyo Steakhouse, a well-established hibachi and sushi restaurant that has drawn steady customer traffic for years. Its proven success at this location underscores the strength of the site, with excellent visibility, high daily traffic counts, and close proximity to both residential neighborhoods and business districts. Whether continuing its tradition as a dining destination or repositioning the site for alternative commercial use, 560 South Main st presents a rare opportunity in Andover’s thriving commercial corridor. Leasing options are welcome in addition to a sale.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$4,950,000
Was $5,250,000
Sep 4, 2026
MLS® 73440386
$5,250,000
Was $5,500,000
Oct 15, 2025
MLS® 73440386
$5,500,000
Oct 7, 2025
MLS® 73440386
$20,000
Sep 22, 2025
MLS® 73433861
Listing Agent: Fred Hoang
Listing Office: The Minuteman Realty Group
MLS® Number: 73440386