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Flexible Office Building
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5 Centennial Dr, Peabody, MA 01960

Office building offering flexible floor plates and ample parking, including covered spaces.

Space SizeContact for details
Property Size9,600 SF
Days on Market887

Property Features for 5 Centennial Dr

General Information

Standard status Active
Size 9,600 SF
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes

Amenities

covered parking
Listing Agency: JLL | Boston
Listed By: Carly Kiernan · License #9520212-RE-B
Source: Moodyscre
Added: Feb 29, 2024 Changed: Jul 28 Last Checked: Aug 4 at 6:48AM

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 JLL | Boston

Investment Insights

Based on property information with market context.

This office building is well suited for a range of companies and features flexible floor plates. Parking is available on site, including covered spaces.

The property is located directly off Route 95, Route 1, and Route 128, providing straightforward highway access. The area also offers immediate proximity to dining options, retail, restaurants, hotels, and fitness facilities.

With flexible layouts and on-site parking, the space can accommodate a variety of office users.

Key Highlights

  • Office building with flexible floor plates
  • Ample parking on site, including sought‑after covered spaces
  • Direct access off Route 95, Route 1, and Route 128

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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

434
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building offering flexible floor plates and ample parking, including covered spaces.
Where is this office building located?
The property is located at 5 Centennial Dr Peabody, MA.
What are key features of this property?
This property features: Office building with flexible floor plates; Ample parking on site, including sought‑after covered spaces; Direct access off Route 95, Route 1, and Route 128
(617) 316-6529 Call to check price and availability
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