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Office Suite with Separate Offices
For Lease
$1,100/Mo

111-2 1st Ave, Peabody, MA 01960

The first-floor suite combines a shared entry area with multiple enclosed offices and includes electricity, gas heat, and air conditioning.

Space SizeContact for details
Days on Market12

Property Features for 111-2 1st Ave

General Information

Standard status Active

Space & Availability

Floor Ground Floor
Space Use Office
Private Offices 3

Lease Terms

Lease Rate $1,100 /USD/MO
Total Rate $1,100
Monthly Rent $1,100
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

Amenities

parking

Building Details

Year Built 2014
Listing Agency: Barry Realty Group
Listed By: Peter Castrichini · License #454008080
Source: Exprealty
Added: Sep 24 Changed: Oct 3 Last Checked: Oct 4 at 4:29PM

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.

First-floor office space at 111-2 1st Ave includes a common entry area and three separate offices. The building was constructed in 2014, and the property has parking. Electricity, gas heat, air conditioning, taxes, and water are included in the stated utilities package; cable and internet are not included.

The property is in Centennial Park, with access from three directions and connections to Route 128, I-95, and Route 1. The available suite is identified as Unit 111.

Key Highlights

  • 2,000 square feet of first‑floor office space
  • Unit 111 has a common entry area and three separate offices
  • Built in 2014

Property Analytics

Current Use

Office Units

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
$0.99 /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

$23.1 /SF/Yr
Avg Asking Price
$5.5–$46 /SF/Yr
Price Range
3,883 SF
Avg Space Size

This space is priced 71% below the average of $23.1 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - The first-floor suite combines a shared entry area with multiple enclosed offices and includes electricity, gas heat, and air conditioning.
Where is this office units located?
The property is located at 111-2 1st Ave Peabody, MA.
What is the lease rate?
The lease rate is $1,100/Mo.
What are key features of this property?
This property features: 2,000 square feet of first‑floor office space; Unit 111 has a common entry area and three separate offices; Built in 2014
More about this property
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