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Office Suite with Open Workspace
New
For Lease
$5,575/Mo

255B Andover Street #202, Peabody, MA 01960

Three enclosed rooms, a broad common area, and dedicated storage offer flexibility for business operations.

Space SizeContact for details
Property Size1,643 SF
Days on Market6

Property Features for 255B Andover Street #202

General Information

Standard status Active
Size 1,643 SF
Zoning BR, Legal Conforming

Space & Availability

Space Use Office
Condition Turnkey
Available From Immediate
Private Offices 3

Taxes and HOA fees

Annual Taxes $26,407

Amenities

on-site parking
signage opportunities

Building Details

Building Size 1,643 SF
Year Built 2019
Listing Agency: Leading Edge Real Estate
Listed By: Melanie Lentini · License #448510392
Source: Condonrealty
Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 4:21PM

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

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Investment Insights

Based on property information with market context.

At 255B Andover Street, this 1,643-square-foot office suite contains three private rooms, a larger open area, and additional storage. Natural light reaches the interior, and the building was constructed in 2019. The suite is zoned BR and is legally conforming.

The property fronts Andover Street along Route 114 in Peabody. On-site parking serves the building, and signage opportunities are available.

Key Highlights

  • 1,643‑square‑foot office suite with three private rooms, open area, and storage
  • Built in 2019
  • BR zoning; legal conforming

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Bakery Daycare Center Garden Center Kitchen & Bath Showroom

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
$6.11 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

944
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
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Market

Lease Benchmarks for Peabody, MA

$23.9 /SF/Yr
Avg Asking Price
$5.5–$46 /SF/Yr
Price Range
4,010 SF
Avg Space Size

This space is priced 70% above the average of $23.9 /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

Frequently Asked Questions

What type of property is this?
Office unit - Three enclosed rooms, a broad common area, and dedicated storage offer flexibility for business operations.
Where is this office unit located?
The property is located at 255B Andover Street #202 Peabody, MA.
What is the lease rate?
The lease rate is $5,575/Mo.
What are key features of this property?
This property features: 1,643‑square‑foot office suite with three private rooms, open area, and storage; Built in 2019; BR zoning; legal conforming
More about this property
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