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    119 Rear Foster St, Unit 2 Peabody, MA 01960

    For Lease
    $5,500 /Mo ($5 SF/Yr)

    Renovated office space with flexible lease terms and highway access.

    Property size:
    12,000 SF
    Lot size:
    12,000 SF

    Property Features for 119 Rear Foster St

    General Information

    Standard status
    Active
    Size
    12,000 SF

    Building Details

    Year built
    1840

    Source: Barry Realty Group, LLC Agent Peter Castrichini

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

    Overview

    Renovated Brick Building with Loading

    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.
    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, Unit 2 Peabody, MA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    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
    (781) 246-7535
    Request Owner's contact information
    119 Rear Foster St, 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, Unit 2 Peabody, MA 01960
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