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Ground-Floor Retail Suite
For Lease
$900/Mo

109-2 1st Ave, Peabody, MA 01960

The 2014-built unit includes two separate offices and access to shared common space.

Space SizeContact for details
Days on Market13

Property Features for 109-2 1st Ave

General Information

Standard status Active
Lease Type Gross

Space & Availability

Floor Ground
Space Use Office
Sublease No
Private Offices 2

Lease Terms

Lease Rate $900 /USD/MO
Total Rate $900
Monthly Rent $900
Lease Term 12 months
Month-to-Month No
Flexible Term Yes

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $10,000

Building Details

Year Built 2014
Listing Agency: Barry Realty Group
Listed By: Peter Castrichini · License #454008080
Source: Exprealty
Added: Sep 24 Changed: Oct 6 Last Checked: Oct 6 at 2:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Barry Realty Group

Investment Insights

Based on property information with market context.

Unit 109 is a ground-floor retail or office space with a common-area entry and two separate offices. The 2,000-square-foot property was built in 2014. Electricity, gas heat, air conditioning, taxes, and water are included; cable and internet are not. A one-year lease is required, with longer terms available.

Located in Centennial Park, the property has access from three directions and connections to Route 128, I-95, and Route 1. The space is presented for office, medical, wellness, training, and retail-related uses, among others.

Key Highlights

  • 2,000‑square‑foot ground‑floor space, Unit 109
  • Common‑area entry and two separate offices
  • Built in 2014

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Auto Parts Store Spa & Massage Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$0.81 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

365
Businesses Nearby

Demographics for 01960, MA

54,155
Population
23,009
Households
2.4
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,385
Density / Sq Mi
$95,173
Median Household Income
$56,100
Median Earnings
$1,902
Median Rent
$566,700
Median Home Value

Market

Lease Benchmarks for Peabody, MA

$26.67 /SF/Yr
Avg Asking Price
$6.6–$35.48 /SF/Yr
Price Range
3,480 SF
Avg Space Size

This space is priced 80% below the average of $26.67 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - The 2014-built unit includes two separate offices and access to shared common space.
Where is this retail space located?
The property is located at 109-2 1st Ave Peabody, MA.
What is the lease rate?
The lease rate is $900/Mo.
What are key features of this property?
This property features: 2,000‑square‑foot ground‑floor space, Unit 109; Common‑area entry and two separate offices; Built in 2014
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