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    15 Newbury St Peabody, MA 01960

    Sponsored
    For Lease
    Contact for pricing

    7,755 SF Retail Space - For Lease

    Lot size:
    7,755 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,755-square-foot retail space, located at 15 Newbury Street in Peabody, Massachusetts, presents a unique opportunity for a single-tenant business. Situated on a generous 1.6-acre lot, the property boasts ample parking with 94 spaces, ensuring convenient access for customers and employees. The building is zoned BR-1, offering flexibility for a variety of retail or restaurant uses. The entire space is currently vacant, providing a blank canvas for a new tenant to customize to their specific needs. The property's prominent location on Newbury Street in Essex County offers excellent visibility and accessibility, making it an ideal location to establish or expand a business. With its substantial size, ample parking, and prime location, this property is poised to attract significant foot traffic and contribute to the success of any retail or restaurant operation. The address is 15 Newbury Street, Peabody, MA 01960. The property's convenient location and substantial size make it an attractive option for businesses seeking a high-profile presence in a thriving community. The entire 7,755 square feet is available for lease. This is a single-tenant property.

    Property Features for 15 Newbury St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,755 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    7,755 SF

    HighLights

    • 7,755 SF freestanding retail space with 1,901 SF basement.
    • Large double‑sided pylon sign.
    • Multiple ingress/egress points.
    • 94 parking spaces.
    • Route 1 location, convenient to I‑95.
    • Midway between Market Street (Lynnfield) and Northshore Mall (Peabody).
    Property Profile Location Intelligence

    Current Use by Public Records

    Pardon My Cheesesteak Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9970049
    Latitude
    42.5214464

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    FAQs

    What type of property is this?
    Restaurant - 7,755 SF Retail Space - For Lease
    Where is this restaurant located?
    The property is located at 15 Newbury St Peabody, MA.
    What are key features of this property?
    This property features: 7,755 SF freestanding retail space with 1,901 SF basement.; Large double-sided pylon sign.; Multiple ingress/egress points.
    Request Owner's contact information
    15 Newbury St Peabody, MA 01960
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    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
    15 Newbury St Peabody, MA 01960
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