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    130 Newbury St Peabody, MA 01960

    Sponsored
    For Lease
    $25 SF/Yr

    Peabody, MA retail/office opportunity

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, "The Shops on Newbury Street," located at 130 Newbury Street in Peabody, Massachusetts (zip code 01960), presents a unique investment opportunity. The two-story, Class B building offers 20,000 square feet of versatile space, ideal for retail, office, or restaurant uses. Currently, 5,768 square feet are available for lease, divisible into units as small as 1,442 square feet. Each unit boasts a 14-foot ceiling height, providing ample space and flexibility. The property features 120 parking spaces and is conveniently located with excellent visibility on Newbury Street (Route 1). The building includes seven total suites and benefits from a shared entrance with a new, large residential development, adding significant foot traffic potential. The property's zoning is commercial, and it's served by 200 amp, 3-phase power. Elevators are available for convenient access to both floors. Basement storage space is also available. This prime location in the Northshore submarket of Boston offers unparalleled access to a thriving community. The property is situated near the intersection of Newbury Street and Winona Street.

    Property Features for 130 Newbury St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Class
    B
    Total Rate
    41666.67

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    First Floor Space 3
    Size
    1,442 SF
    Rate per SF
    $25
    Space
    First Floor Space 1
    Size
    1,442 SF
    Rate per SF
    $25
    Space
    First Floor Space 2
    Size
    1,442 SF
    Rate per SF
    $25
    Space
    First Floor Space 4
    Size
    1,442 SF
    Rate per SF
    $25

    HighLights

    • 130 Newbury Street, Peabody, MA 01960: Two‑story, 20,000 SF Class B commercial building.
    • 5,768 SF currently available for lease, divisible to 1,442 SF units.
    • 14‑foot ceilings, 120 parking spaces, excellent visibility on Route 1.
    • Seven suites, shared entrance with new residential development, commercial zoning, 200 amp 3‑phase power.
    • Elevators and basement storage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Ultimate Prom and Bridal Formal Wear Store Honey Dew Donuts Donut Shop Luxe Beauty Spa Permanent Make-Up Clinic Skinnovations Aesthetics & Wellness Medical Spa Express Kitchens Cabinet Maker

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -70.9901116
    Latitude
    42.5357317

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    FAQs

    What type of property is this?
    Restaurant - Peabody, MA retail/office opportunity
    Where is this restaurant located?
    The property is located at 130 Newbury St Peabody, MA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 130 Newbury Street, Peabody, MA 01960: Two-story, 20,000 SF Class B commercial building.; 5,768 SF currently available for lease, divisible to 1,442 SF units.; 14-foot ceilings, 120 parking spaces, excellent visibility on Route 1.
    Request Owner's contact information
    130 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
    130 Newbury St Peabody, MA 01960
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