Property profile

1 Bourbon St Peabody, MA 01960

OFF-MARKET
Retail space
Property ID
US38-1238343
6,035 SF 0.33 ac lot Built 1977
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,892-square-foot freestanding building in Peabody, Massachusetts, presents a unique investment opportunity. Located at 1 Bourbon Street, this two-story property boasts a highly desirable blend of retail and flex space, ideal for a variety of uses. The building features a fully equipped commercial kitchen, complete with a walk-in refrigerator and freezer, ensuring seamless operations for food-related businesses. A dedicated delivery bay with an overhead door facilitates efficient loading and unloading. Ample office space and storage areas provide flexibility for diverse operational needs. The property also includes a retail storefront, maximizing visibility and customer accessibility. Situated on a 0.33-acre lot, the property offers convenient parking for 13 vehicles. The strategic location directly off Route 1 and Lowell Street ensures high visibility and accessibility, benefiting from significant traffic counts of 41,198 vehicles per day on Route 1 and 23,064 vehicles per day on Lowell Street. The property is currently vacant and offers an oversized freestanding signage opportunity for enhanced brand visibility. This is a turnkey solution for a business seeking to own its own location. The property is offered at $1,800,000 with a Net Net Net (NNN) lease structure. The building consists of one unit in one building.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1977
Construction FRAME
Total area 6,035 SF
Lot 0.33 ac (14,157 SF)
Zoning code BR
APN PEAB M:0036 B:0017
UPID US38-1238343

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Market Restaurant
  • Grocery & Convenience Store Food Market

Location

1 Bourbon St Peabody, MA 01960-1339
Peabody metro Census 210301 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.49M
CAP Approach CAP
$1.53M
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.51M

Owner & transaction history

since 2025
Last sale
$1.7M
7 recorded transactions
2025
$1.7M
2012
Price N/A
2012
$850,000
2012
Price N/A
2008
Price N/A
2006
Price N/A
2001
Price N/A

Zoning & alternative use

BR · Peabody, MA
Zoning description

District is to provide space for large mixed commercial development that serves a regional market, which customers generally access by car so there is ample parking to serve the facility. Outdoor storage and use is allow…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.1M +55.2%
Apartment house (5+ units) $1.9M +43.8%
Auto repair, garage $1.4M +7.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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