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Open-Plan Office Units
For Lease
$25 SF/Yr

405-1 Newbury St, Peabody, MA 01960

Flexible commercial space with an open interior suited to office, professional, retail, medical, or specialty uses.

Space SizeContact for details
Days on Market15

Property Features for 405-1 Newbury St

General Information

Standard status Active

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $41,713
Listing Agency: Skylimit Real Estate LLC
Listed By: Norman Poggio
Source: Exprealty
Added: Jul 29 Changed: Aug 10 Last Checked: Aug 11 at 10:22AM

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 Skylimit Real Estate LLC

Investment Insights

Based on property information with market context.

These office units offer a broad, open interior that can be configured around a range of commercial requirements. The unfinished layout provides flexibility for office, retail, medical, professional, or specialty operations, subject to applicable approvals and build-out requirements.

The property is located at 405-1 Newbury St in Peabody, Massachusetts, near Route 1 and I-95. Its position within an established business corridor provides access to major highways and nearby businesses, supporting convenient connections for employees, customers, and clients.

Key Highlights

  • Open interior layout supports customized build‑out
  • Located near Route 1 and I‑95 in Peabody, MA
  • Suitable for office, retail, medical, professional, or specialty commercial use

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Barber Shop Parking Lot & Garage Cafe & Coffee Shop Tanning Salon Grocery & Convenience Store

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

472
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 2% below 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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible commercial space with an open interior suited to office, professional, retail, medical, or specialty uses.
Where is this office units located?
The property is located at 405-1 Newbury St Peabody, MA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Open interior layout supports customized build‑out; Located near Route 1 and I‑95 in Peabody, MA; Suitable for office, retail, medical, professional, or specialty commercial use
More about this property
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