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Leased Mixed-Use Building
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Pending

32 Walnut Street, Peabody, MA 01960

Multi-level property combines retail, industrial, and office components with elevator access.

Property SizeContact for details
Days on Market144

Property Features for 32 Walnut Street

General Information

Standard status Pending
Property subtype Retail, Mixed Use
Listing Agency: ABG Commercial Realty
Listed By: Clare Thompson · License #MA 7492
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 5:59PM

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 ABG Commercial Realty

Investment Insights

Based on property information with market context.

This 18,090-square-foot mixed-use building includes a first-floor retail convenience store and tax services office, industrial units, and office space on the second and third floors. The property is currently 100% leased and includes 12-foot ceilings, an elevator, three overhead doors, natural gas heat, and on-site parking. The lot contains 9,444 square feet.

Located two blocks from Peabody’s downtown district, the property offers access to Routes 95, 128, 114, and 22.9K ADT. The surrounding downtown area includes retail shops, restaurants, pubs, cafes, an event venue, the Peabody Institute Library, and an off-street parking lot. The reported cap rate is 7%.

Key Highlights

  • 18,090 Sq. Ft. of total building GLA on a 9,444 Sq. Ft. lot
  • Currently 100% leased with a reported 7% Cap rate
  • First‑floor retail convenience store and tax services office

Property Analytics

Current Use

Andovers Heating and Air ... Department Store

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Cafe & Coffee Shop Acupuncture 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.

Location Intelligence

Trade Area within ½ mile

1,375
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

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-level property combines retail, industrial, and office components with elevator access.
Where is this mixed-use property located?
The property is located at 32 Walnut Street Peabody, MA.
What are key features of this property?
This property features: 18,090 Sq. Ft. of total building GLA on a 9,444 Sq. Ft. lot; Currently 100% leased with a reported 7% Cap rate; First‑floor retail convenience store and tax services office
(781) 608-5964 Call to check price and availability
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