Renovated Brick Building with
For Lease
$5,500/Mo
119 Rear Foster St #Building 2, Peabody, MA 01960
Renovated office space with flexible lease terms and highway access.
Space SizeContact for details
Days on Market875
Property Features for 119 Rear Foster St #Building 2
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$23,362
Building Details
Year Built
1840
Listing Agency:
Barry Realty Group
(781) 246-7535
Listed By:
Peter Castrichini · License #454008080
Source:
Corcoran
Added: Mar 25, 2024
Changed: Aug 8
Last Checked: Aug 16 at 6:00AM
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.
This property offers 12,000 square feet of potential leasable space within a renovated brick building. The building features loading docks and an elevator. Renovations were completed within the last 10 years. Each floor includes two ADA-approved bathrooms. The fourth-floor unit is currently available and can potentially be divided into smaller units if needed. The zoning is GB, which is favorable, and there is ample parking available. Lease terms are flexible, and the landlord/owner is on-site. The location provides easy access to Route 1, 95, and 128. The rents are $5,000, which includes triple nets; tenants are responsible for gas heat and electric. The area is experiencing growth, making it a potentially suitable location for various businesses.
Key Highlights
- 6,000 sq ft of flexible space available in a renovated brick building
- Favorable GB zoning with ample parking
- Easy access to Routes 1, 95, and 128
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.83 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
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
$25.55 /SF/Yr
Avg Asking Price
$5.5–$44 /SF/Yr
Price Range
4,200 SF
Avg Space Size
This space is priced 78% below the average of $25.55 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office space with flexible lease terms and highway access.
Where is this office units located?
The property is located at 119 Rear Foster St #Building 2 Peabody, MA.
What is the lease rate?
The lease rate is $5,500/Mo.
What are key features of this property?
This property features: 6,000 sq ft of flexible space available in a **renovated brick building**; Favorable GB zoning with **ample parking**; Easy access to Routes 1, 95, and 128
