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    141 Summit St Peabody, MA 01960

    For Lease
    $25 SF/Yr

    Adaptable space suitable for medical, retail, or light manufacturing.

    Lot size:
    2.00 Acres

    Property Features for 141 Summit St

    General Information

    Lot size
    2.00 Acres

    Building Details

    Year built
    1975

    Source: Barry Realty Group Agent Timothy M. Barry

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

    Overview

    Versatile Space in Peabody, MA

    This property offers a versatile space of 8,000 square feet, which can be divided into two 4,000-square-foot units. The layout includes a conference room, multiple offices, and two bathrooms. The space is in like-new condition and suitable for various uses, including medical, professional, retail, and light manufacturing. The property benefits from high visibility, with approximately 20,000 cars passing by daily. It features a large amount of off-street parking. An accompanying rear warehouse space of 4,000 square feet is available, featuring 14-foot ceiling heights, a large dock, and an overhead door. The parking lot has been recently resurfaced and striped, and the landscaping is in great condition. The full building encompasses 12,500 square feet on a two-acre site, offering excellent frontage and visibility. Signage opportunities include a main pylon sign and building signage. The location provides easy access to Route 128/95.
    Insight Report Location Intelligence

    Current Use by Public Records

    Advanced Safety Systems ... Fire Protection System Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9520705
    Latitude
    42.5215781

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    FAQs

    What type of property is this?
    Office space - Adaptable space suitable for medical, retail, or light manufacturing.
    Where is this office space located?
    The property is located at 141 Summit St Peabody, MA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - High traffic count (20,000 cars per day) and excellent visibility/frontage.; - Flexible space: **8,000 sq ft divisible into two 4,000 sq ft units** suitable for medical, professional, retail, or light manufacturing.; - Includes a **4,000 sq ft warehouse with 14 ft ceilings**, a dock, and an overhead door.
    (978) 473-1751
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    141 Summit St Peabody, MA 01960
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    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
    141 Summit St Peabody, MA 01960
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