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Peabody Medical/Office/Flex Space Available
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5 Centennial Dr, Peabody, MA 01960

Premier space in coveted business park with flexible floor plates.

Space Size2,500 SF
Days on Market138

Property Features for 5 Centennial Dr

General Information

Standard status Active
Size 2,500 SF
Class B
Property subtype office

Spaces For Lease

at 5 Centennial Dr Contact us

Available Space

Floor
3rd
Size
2,500 SF
Type
Office
Term
Negotiable
Availability
Immediate
Contact us
Listing Agency: Boston
Listed By: Christopher Lawrence · License #9520212-RE-B
Source: Property.jll
Added: Apr 15 Changed: Aug 26 Last Checked: Aug 29 at 5:48AM

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 Boston

Investment Insights

Based on property information with market context.

Located at the corner of Route 95, Route 128, and Route 1, 5 Centennial Drive offers an opportunity to lease space in Peabody's Centennial Drive business park. The property features flexible floor plates that are easy to subdivide. Ample parking is available, including covered spaces. The location provides access to dining options, retail, restaurants, hotels, and fitness facilities. It is suitable for companies across a variety of industries and caters to the mid-sized tenant and user market prevalent in the 128 North submarket.

Key Highlights

  • Ideally located directly off of Route 95, Route 1, and Route 128.
  • Flexible floor plates, easy to subdivide.
  • Ample parking, including sought‑after covered spaces.

Property Analytics

Current Use

iDataCollect (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Auto Parts Store Pharmacy Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

395
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

$23.63 /SF/Yr
Avg Asking Price
$5.5–$44 /SF/Yr
Price Range
4,456 SF
Avg Space Size

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?
Office units - Premier space in coveted business park with flexible floor plates.
Where is this office units located?
The property is located at 5 Centennial Dr Peabody, MA.
What are key features of this property?
This property features: Ideally located directly off of Route 95, Route 1, and Route 128.; Flexible floor plates, easy to subdivide.; Ample parking, including sought‑after covered spaces.
More about this property
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