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Peabody Shopping Center Near Route 1
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637 Lowell St, Peabody, MA 01960

Shopping center serving a dense, affluent customer base near Route 1.

Space Size7,514 SF
Days on Market1238

Property Features for 637 Lowell St

General Information

Standard status Active
Size 7,514 SF
Property subtype Retail

Building Details

Building Size 6,541 SF
Tenancy Multiple

Spaces For Lease

at 637 Lowell St Contact us

Proposed Pad

Type
Retail
Availability
Active
Contact us

Space 2

Size
7,514 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: KeyPoint Partners, LLC
Listed By: Don Mace · License #MA 9035933
Source: Crexi
Added: Apr 4, 2023 Changed: Aug 9 Last Checked: Aug 23 at 5:50PM

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 KeyPoint Partners, LLC

Investment Insights

Based on property information with market context.

Big Y Plaza is a shopping center located near Route 1 and I-95. It serves a dense, affluent customer base in the primary trade area of Peabody, West Peabody, and Lynnfield. As the only shopping center inside the West Peabody neighborhood, the plaza experiences high sales volumes and consistent traffic. Its collection of convenient essentials and services makes it a destination for locals. The plaza is easily accessible and has the feel of a neighborhood marketplace. The tenant mix is centered around ease and convenience, resulting in repeat visits and strong sales. The property is adjacent to popular recreation sites including the recently restored Independence Greenway and Crystal Lake, adding to its integration within the community.

Key Highlights

  • Located in the West Peabody neighborhood, the only shopping center in the area.
  • High sales volumes and consistent traffic due to its convenient essentials and services.
  • Easily accessible location near Route 1 and I‑95.

Property Analytics

Current Use

Show New England ... Gym & Fitness Center Big Y World ... Grocery & Convenience Store UPS Access Point ... Courier Service Western Union Bank MoneyGram Bank

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Auto Repair Shop Spa & Massage Center Building Supply

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

238
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 81% Shops & Services 17% Dining 2%
Big Y World Class Market Groceries
26,645 visits/mo 0.0 miles
TD Bank Shops & Services
3,912 visits/mo 0.1 miles
North Shore Bank Shops & Services
1,752 visits/mo 0.1 miles
Giovanni's Pizza Dining
603 visits/mo 0.2 miles

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM Hannaford Bros, 637 Lowell Street, Peabody, MA 01960
  • Big Y Plaza 637 Lowell St, Peabody, MA 01960

Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center serving a dense, affluent customer base near Route 1.
Where is this shopping center located?
The property is located at 637 Lowell St Peabody, MA.
What are key features of this property?
This property features: Located in the West Peabody neighborhood, the only shopping center in the area.; High sales volumes and consistent traffic due to its convenient essentials and services.; Easily accessible location near Route 1 and I‑95.
(781) 273-5555 Call to check price and availability
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