New Commercial Bays For
For Lease
$3,500/Mo
128 Newbury Street, Peabody, MA 01960
New 1,500 SF commercial bays for lease.
Space SizeContact for details
Days on Market148
Property Features for 128 Newbury Street
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2026
Listing Agency:
Five Mark Realty Group LLC
(978) 539-7335
Listed By:
Brian Reardon
Source:
Corcoran
Added: Mar 17
Changed: Aug 8
Last Checked: Jul 16 at 1:13PM
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 Five Mark Realty Group LLC
Investment Insights
Based on property information with market context.
This commercial building, totaling 24,000 SF, is being divided into sixteen 1,500 SF bays, suitable for contractors, gyms, trades, and light industrial users. Each unit includes a 14’ x 14’ overhead drive-in door for access. Each bay has two dedicated parking spaces, with additional visitor parking available on-site. Ownership is open to combining multiple units for tenants needing larger space. A second industrial building totaling approximately 15,000 SF is planned for delivery in Late Summer 2026, providing future expansion opportunities. The 24,000 SF building is expected to be completed by May/June 2026. The property is located directly off Route 1 southbound, providing accessibility to Route 128, I-95, and the North Shore market.
Key Highlights
- Excellent accessibility to Route 1, Route 128, I‑95, and the North Shore market.
- Flexible unit sizes: Units can be combined for larger contiguous space.
- Each unit includes a 14’ x 14’ overhead drive‑in door.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.16 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Under-served
Demand for This Use
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
$9.57 /SF/Yr
Avg Asking Price
$1.08–$16 /SF/Yr
Price Range
21,079 SF
Avg Space Size
This space is priced 89% below the average of $9.57 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Big Pig Barbecue & Catering — 108 Newbury St, Peabody, MA 01960
Frequently Asked Questions
What type of property is this?
Flex space - New 1,500 SF commercial bays for lease.
Where is this flex space located?
The property is located at 128 Newbury Street Peabody, MA.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: Excellent accessibility to Route 1, Route 128, I‑95, and the North Shore market.; Flexible unit sizes: Units can be combined for larger contiguous space.; Each unit includes a **14’ x 14’ overhead drive‑in door.**
