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    229 Andover St Peabody, MA 01960

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    For Lease
    Contact for pricing

    Up to 12,615 SF retail space with drive-thru.

    Property size:
    12,615 SF
    Lot size:
    3.14 Acres

    Property Features for 229 Andover St

    General Information

    Size
    12,615 SF
    Lot size
    3.14 Acres

    Source: Eastern Retail Properties Agent Andrew Bonica

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Walgreens Retail Space Available

    Available for lease is a retail space, formerly a Walgreens, offering up to 12,615 square feet, which is subdividable. The property features an existing drive-thru. Situated on Route 114, the location benefits from high traffic counts and provides excellent visibility and access to Route 114, Sylvan Street, and Endicott Street. Pylon and storefront signage options are available. The property is located in a market with high barriers to entry. Current co-tenants include Qdoba and Nothing Bundt Cakes, with Wonder opening soon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    COVID-19 Drive-Thru Testing ... Medical Laboratory Suzanne Cinelli Nurse Practitioner Matthew Pearson Nurse Practitioner Coinhub Bitcoin ATM ... Atm Elizabeth Bartlett Nurse Practitioner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walgreens Pharmacy, Lahey Medical Center, Peabody Outpatient Pharmacy, Suong Tran, COVID-19 Drive-Thru Testing at Walgreens, GNC

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9469596
    Latitude
    42.5473002

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    FAQs

    What type of property is this?
    Drug store - Up to 12,615 SF retail space with drive-thru.
    Where is this drug store located?
    The property is located at 229 Andover St Peabody, MA.
    What are key features of this property?
    This property features: - Existing drive-thru; - High traffic counts on Route 114; - Excellent visibility and access to Route 114, Sylvan St. and Endicott St.
    (781) 849-9010
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    229 Andover St Peabody, MA 01960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    229 Andover St Peabody, MA 01960
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