Dancewear Retail
194 Newbury Street Peabody, MA 01960
194 Newbury Street, Peabody, MA, 01960
$799,900
For Sale
$799,900
For-sale dancewear storefront with a transferable lease and a 40-year history serving a loyal regional customer base.
Property Size4,000 SF
Price / SF$199.98
Days on Market12
Property Features for 194 Newbury Street
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agency
LAER Realty Partners
(978) 777-5509
Listed by
Maria Salzillo
Source
Corcoran
Added: Jul 10 Updated: Jul 20 at 8:39PM Checked: Jul 21 at 6:06AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
Offered for sale is an established dancewear retail storefront with a reported 40 years of success and a loyal regional customer base. The business is recognized for personalized service and custom Pointe shoe fittings, along with guidance aligned to studio-specific dress codes through partnerships with dance studios.
The operation includes a well-stocked inventory featuring top-brand merchandise for dancers of all ages, including several types of dance shoes. It also conveys with furniture, fixtures, display cabinets, stands, decor, and equipment used to support the retail showroom.
The property is described as being in a highly visible location and includes over 4,000 customized square feet. The lease is transferable, and the listing cites long-standing vendor relationships that support consistent quality and reliable supply.
The operation includes a well-stocked inventory featuring top-brand merchandise for dancers of all ages, including several types of dance shoes. It also conveys with furniture, fixtures, display cabinets, stands, decor, and equipment used to support the retail showroom.
The property is described as being in a highly visible location and includes over 4,000 customized square feet. The lease is transferable, and the listing cites long-standing vendor relationships that support consistent quality and reliable supply.
Key Highlights
- Dancewear retail business with a 40‑year history serving a loyal regional customer base
- Known for custom Pointe Shoe fittings and personalized service for dancers of all ages
- Strong studio partnerships providing accurate guidance on studio‑specific dress codes
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.0k | $24.00 |
| − Vacancy | −$2.1k | −$0.53 |
| EGI | $93.9k | $23.47 |
| − OpEx | −$28.2k | −$7.04 |
| NOI | $65.7k | $16.43 |
4,000 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$938.9K
$821.5K – $1.10M
NOI $65,722 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,759 @ 7.0% cap · market cap 20.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
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FAQs
What type of property is this?
Retail space - For-sale dancewear storefront with a transferable lease and a 40-year history serving a loyal regional customer base.
Where is this retail space located?
The property is located at 194 Newbury Street Peabody, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Dancewear retail business with a 40‑year history serving a loyal regional customer base; Known for custom Pointe Shoe fittings and personalized service for dancers of all ages; Strong studio partnerships providing accurate guidance on studio‑specific dress codes
