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    46-48 Walnut St, Unit Peabody Peabody, MA 01960

    For Sale
    $3,750,000

    Mixed-use property with commercial and residential units in prime location.

    Property size:
    6,840 SF

    Property Features for 46-48 Walnut St

    General Information

    Standard status
    Active
    Size
    6,840 SF

    Building Details

    Year built
    1930

    Source: eXp Realty Agent Helena Araujo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Downtown Peabody

    This mixed-use property at 46-48 Walnut St in downtown Peabody offers an exceptional opportunity. The 6,840 square-foot building features two commercial units on the first floor. One unit is currently used as a residential apartment and will be delivered vacant. The other is a bakery, currently leased, with the option for the buyer to assume the space or re-lease it, as the seller can terminate the lease at the buyer’s request. The second and third floors include four residential units with strong rental demand and short-term leases for flexibility. The property benefits from a prime location with excellent visibility near shopping, dining, and major routes. A neighboring commercial property is also on the market, creating a unique chance to expand and enhance future value.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9234459
    Latitude
    42.526736

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial and residential units in prime location.
    Where is this mixed-use property located?
    The property is located at 46-48 Walnut St, Unit Peabody Peabody, MA.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - Prime downtown Peabody location with excellent visibility.; - Mixed-use property with commercial and residential units.; - Two commercial units on the first floor, including a vacant residential apartment.
    (888) 854-7493
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    46-48 Walnut St, Unit Peabody Peabody, MA 01960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    46-48 Walnut St, Unit Peabody Peabody, MA 01960
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