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    119 Rear Foster St Building, Unit 2 Peabody, MA 01960

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    For Lease
    $5,500 /Mo

    Renovated office space with flexible lease terms and highway access.

    Lot size:
    0.54 Acres

    Property Features for 119 Rear Foster St Building

    General Information

    Lot size
    0.54 Acres

    Building Details

    Year built
    1840

    Source: Barry Realty Group Agent Peter Castrichini

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

    Overview

    Renovated Office Space with Loading

    This property offers 6,000 square feet of leasable space, with a total of 12,000 square feet available across two floors. The space is located in a renovated brick building that was completely renovated within the last 10 years. It features loading docks and an elevator. Each floor includes two ADA-approved bathrooms. The fourth-floor unit is currently available and can 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. Tenants are responsible for gas heat and electric utilities, with rents at 5000 including triple nets. The location provides easy access to Route 1, 95, and 128, making it convenient for commuting and transportation. The area is experiencing growth, enhancing the property's potential.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9728
    Latitude
    42.5338

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    FAQs

    What type of property is this?
    Office space - Renovated office space with flexible lease terms and highway access.
    Where is this office space located?
    The property is located at 119 Rear Foster St Building, Unit 2 Peabody, MA.
    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 and easy access to Routes 1, 95, and 128.; - Rent of $5,000 includes triple nets.
    (978) 204-3874
    Request Owner's contact information
    119 Rear Foster St Building, Unit 2 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
    119 Rear Foster St Building, Unit 2 Peabody, MA 01960
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