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Second-Floor Office Suite with Elevator
For Lease
$2,750/Mo

255a Andover Street # 201 Peabody, Peabody, MA 01960

Second-floor office suite with three private offices and an additional room with plumbing for flexible use.

Space SizeContact for details
Property Size850 SF
Days on Market52

Property Features for 255a Andover Street # 201 Peabody

General Information

Standard status Active
Size 850 SF
Zoning BR
Lease Type Gross

Taxes and HOA fees

Annual Taxes $26,407

Amenities

No HOA Fees

Building Details

Building Size 850 SF
Year Built 2015
Listing Agency: Leading Edge Real Estate
Listed By: Amanda Lucido Hodges · License #448510392
Source: Bournetosellrealestate
Added: Jun 21 Changed: Aug 8 Last Checked: Aug 11 at 4:47AM

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 Leading Edge Real Estate

Investment Insights

Based on property information with market context.

This professionally maintained, modern office building offers a second-floor suite featuring three private offices plus an additional room with plumbing that can support a kitchenette, break room, or flexible workspace. Elevator access is available to the suite, and the interior layout is bright and versatile for a range of professional service needs.

The property is located at 255 Andover Street along Route 114 in Peabody. The building is served by ample on-site parking and benefits from a highly traveled corridor, with convenient access to Peabody, Danvers, Salem, and major commuter routes.

The suite’s combination of private offices and an extra plumbing-enabled room makes it practical for professional, medical, wellness, or service-oriented organizations that want a turnkey interior configuration within an accessible, office-focused setting. Elevator service and on-site parking add everyday convenience for staff and clients.

Key Highlights

  • 2015‑built office building with second‑floor suite
  • Suite layout includes three private offices plus an additional room with plumbing for a kitchenette or break room
  • Elevator access to the second‑floor suite

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Accounting Firm (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.82 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

527
Businesses Nearby

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

$25.55 /SF/Yr
Avg Asking Price
$5.5–$44 /SF/Yr
Price Range
4,200 SF
Avg Space Size

This space is priced 52% above the average of $25.55 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Second-floor office suite with three private offices and an additional room with plumbing for flexible use.
Where is this office units located?
The property is located at 255a Andover Street # 201 Peabody Peabody, MA.
What is the lease rate?
The lease rate is $2,750/Mo.
What are key features of this property?
This property features: 2015‑built office building with second‑floor suite; Suite layout includes three private offices plus an additional room with plumbing for a kitchenette or break room; Elevator access to the second‑floor suite
More about this property
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