New Flex Space For
For Lease
$3,500/Mo
128 Newbury Street, Peabody, MA 01960
New 1,500 SF flex space bays available for lease.
Space SizeContact for details
Property Size39,000 SF
Days on Market120
Property Features for 128 Newbury Street
General Information
Standard status
Active
Size
39,000 SF
Zoning
B, Legal Conforming
Building Details
Building Size
39,000 SF
Year Built
2026
Listing Agency:
Five Mark Realty Group LLC
(978) 626-2984
Listed By:
Brian Reardon
(978) 626-2984
Source:
Liongatere
Added: Apr 25
Changed: Aug 14
Last Checked: Aug 22 at 2:25PM
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 24,000 SF commercial building 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 property is located directly off Route 1 southbound, offering accessibility to Route 128, I-95, and the greater North Shore market. The 24,000 SF building is expected to be completed by May/ June 2026.
Key Highlights
- Excellent location directly off Route 1 southbound, with easy access to Route 128, I‑95, and the North Shore.
- New construction (completion expected May/June 2026) with modern features.
- Flexible unit sizes: 1,500 SF bays can be combined for larger contiguous space.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.26 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
266
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
$9.17 /SF/Yr
Avg Asking Price
$1.08–$16 /SF/Yr
Price Range
21,079 SF
Avg Space Size
This space is priced 81% below the average of $9.17 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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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 flex space bays available 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 location directly off Route 1 southbound, with easy access to Route 128, I‑95, and the North Shore.; New construction (completion expected May/June 2026) with modern features.; Flexible unit sizes: **1,500 SF bays can be combined** for larger contiguous space.
