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    251 Andover St Peabody, MA 01960

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    For Lease
    $35 SF/Yr

    Modern mixed-use building on Rt 114 with high visibility.

    Lot size:
    0.25 Acres

    Property Features for 251 Andover St

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    2019

    Source: Leading Edge Real Estate Agent Annette Gregorio

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

    Overview

    Freestanding Mixed-Use Building For Lease

    This modern, freestanding mixed-use building is available for lease on highly traveled Route 114 in Peabody. The contemporary space offers exceptional exposure and signage visibility, benefiting from an average daily traffic count of 40,000 to 45,000 vehicles. Situated along one of the North Shore's most active commercial corridors, the property provides outstanding brand visibility and convenient access, connecting Danvers, Peabody, and Salem, which ensures a steady flow of customers and commuters throughout the day. The property's clean, modern design, ample parking, and prominent street presence make it suitable for various business types, including retail showrooms, professional offices, medical or wellness practices, boutique fitness studios, or specialty service providers. This location is ideal for businesses seeking a high-impact location that projects professionalism and captures maximum drive-by exposure.
    Insight Report Location Intelligence

    Current Use by Public Records

    Generator Supercenter of Peabody Electric Generator Shop

    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

    Bath and Company, At Home

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.952178
    Latitude
    42.5490926

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    FAQs

    What type of property is this?
    Showroom - Modern mixed-use building on Rt 114 with high visibility.
    Where is this showroom located?
    The property is located at 251 Andover St Peabody, MA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location on Rt 114 with 40,000-45,000 vehicles per day.; - Exceptional exposure and signage visibility.; - Modern, freestanding building built in 2019.
    (617) 548-3180
    Request Owner's contact information
    251 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
    251 Andover St Peabody, MA 01960
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