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    637 Lowell St Peabody, MA 01960

    For Lease
    Contact for pricing

    Prime Retail Space, High Traffic Location

    Lot size:
    6,541 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Big Y Plaza offers exceptional retail opportunities in a thriving Essex County location. This multi-tenant commercial inline property boasts a total of 6,541 square feet, with flexible space options available. Units range from a minimum divisible space of 2,608 square feet to a maximum contiguous space of 3,933 square feet. Currently, there is 8,741 square feet of vacant space presenting a unique chance for expansion or new tenancy. The plaza is strategically situated near Route 1 and I-95, ensuring high visibility and accessibility for customers. Its location within the West Peabody neighborhood, serving Peabody, West Peabody, and Lynnfield, guarantees a dense and affluent customer base. As the only shopping center in West Peabody, Big Y Plaza benefits from strong sales volumes and consistent traffic. The convenient tenant mix caters to everyday needs, encouraging repeat visits and robust sales. The property's proximity to recreational areas like the Independence Greenway and Crystal Lake further enhances its community appeal and creates a vibrant neighborhood atmosphere. This is an ideal opportunity for businesses seeking a high-traffic, easily accessible location within a strong, established retail center. The property's design fosters a neighborhood marketplace feel, making it a convenient and attractive destination for shoppers.

    Property Features for 637 Lowell St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,541 SF

    Unit(s) available at that property

    Space
    Suite 9
    Size
    3,920 SF
    Space
    Suite 13
    Size
    2,200 SF
    Space
    Suite 14
    Size
    2,608 SF

    HighLights

    • Retail property totaling 6,541 square feet.
    • Multiple tenancy inline commercial space available.
    • Minimum divisible space of 2,608 square feet; maximum contiguous space of 3,933 square feet.
    • 8,741 square feet currently vacant.
    • Located in Essex County, near Route 1 and I‑95, serving Peabody, West Peabody, and Lynnfield.
    Property Profile Location Intelligence

    Current Use by Public Records

    Show New England ... Sports Complex Big Y World ... Grocery Store UPS Access Point ... Shipping And Mailing Service Western Union Money Transfer Service MoneyGram Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0013604
    Latitude
    42.5495594

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, High Traffic Location
    Where is this individual retail property located?
    The property is located at 637 Lowell St Peabody, MA.
    What are key features of this property?
    This property features: Retail property totaling 6,541 square feet.; Multiple tenancy inline commercial space available.; Minimum divisible space of 2,608 square feet; maximum contiguous space of 3,933 square feet.
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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
    637 Lowell St Peabody, MA 01960
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