401 MAIN ST
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Location
401 MAIN ST
Mblu
76/ / 7383/ /
Acct#
Owner
MAIN STREET 401 LLC
Total Market Value
$4,279,600
Appraisal
$4,279,600
PID
5082
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$3,187,200$1,092,400$4,279,600
Assessment
Valuation YearImprovementsLandTotal
2025$3,187,200$1,092,400$4,279,600

Owner of Record
OwnerMAIN STREET 401 LLC
Co-Owner
Address96 MILK ST
METHUEN, MA 01844
Sale Price$4,300,000
Certificate
Book & Page 6230/2010
Sale Date01/29/2021
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
MAIN STREET 401 LLC$4,300,000 6230/20100001/29/2021
MUNJAL MANOJ & PREETI TRUSTEES$2,550,000 5335/2294UNKQ07/16/2012
LAX AND SAR CORPORATION$1,750,000 3216/00410005/21/1997
NORTH ANDOVER ROSA TRUST$0 3076/0850 10/20/1994
NALBANDIAN BERGE M$0 3036/2632 02/07/1994

Building Information
Building 1 : Section 1
Year Built: 1986
Living Area: 29,264
Replacement Cost: $3,426,324
Replacement Cost
Less Depreciation:
$2,398,400
Building Attributes
FieldDescription
Style:Shop Center LO
ModelComm/Ind
GradeAverage +20
Stories:2
Occupancy17.00
Exterior Wall 1Stucco on Wood
Exterior Wall 2Concr/Cinder
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Vinyl/Asphalt
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseSHOPNGMALL MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:322I
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 20,464 20,464
FUSUpper Story, Finished 8,800 8,800
CANCanopy 1,440 0
SLBSlab 20,464 0
   51,168 29,264
Building 2 : Section 1
Year Built: 2021
Living Area: 2,478
Replacement Cost: $539,173
Replacement Cost
Less Depreciation:
$539,200
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Fast Food Rest
ModelComm/Ind
GradeAverage +10
Stories:1
Occupancy1.00
Exterior Wall 1Fiber Cement
Exterior Wall 2Above Average
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Ceram Clay Til
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseSHOPNGMALL MDL-94
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallSUSP-CEIL ONLY
Rooms/PrtnsAVERAGE
Wall Height 
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 2,478 2,478
CANCanopy 100 0
SLBSlab 1,579 0
   4,157 2,478

Extra Features
Extra Features
CodeDescriptionSizeAssessed ValueBldg #
SPR1SPRINKLERS-WET29264.00 S.F.$20,5001
DUW3W/PNEU TUBE1.00 UNITS$11,9001
ATM1AUTOMATC TELLR1.00 UNITS$22,4001
GENGENERATOR1.00 UNITS$9,5002
DUW1DRIVE-UP WINDW2.00 UNITS$13,0002

Land
Land Use
Use Code3230
DescriptionSHOPNGMALL MDL-94  
ZoneLCSD
Neighborhood500
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)10.19
Frontage0
Depth0
Total Market Land$1,092,400
Appraised Value$1,092,400

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeAssessed ValueBldg #
PAV1PAVING-ASPHALT  100000.00 S.F.$150,0001
LT4W/FOUR LIGHTS  4.00 UNITS$6,3001
CNP2GOOD QUALITY  560.00 S.F.$10,1001
GAZGAZEBO  325.00 S.F.$5,5001
SHD1SHED FRAME  80.00 S.F.$4001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$3,187,200$1,092,400$4,279,600
2024$3,064,000$1,092,400$4,156,400
2023$3,056,400$1,092,400$4,148,800

Assessment
Valuation YearImprovementsLandTotal
2025$3,187,200$1,092,400$4,279,600
2024$3,064,000$1,092,400$4,156,400
2023$3,056,400$1,092,400$4,148,800

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