1 Bourbon St Peabody, MA 01960-1339
Property profile & analytics
1 Bourbon St Peabody, MA 01960-1339
- Retail space
- 6,035 SF
- 0.33 lot acres
Property ID
US38-1238343
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Karl's Sausage Kitchen & European Market / Food Market / Restaurant
- Marie Hans Wurst Co / Grocery & Convenience Store / Food Market
Property Details for 1 Bourbon St
- Year built
- 1977
- Construction
- FRAME
- Lot size
- 0.33 lot acres
- Property size
- 6,035 SF
- Zone code
- BR
- Property type
- Retail space
- APN
- PEAB M:0036 B:0017
- APU
- PEABM0036B0017
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,510,000
- ML approach
- $1,490,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,655,000
- 6.5%
- $1,525,000
- 7%
- $1,415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,388,000
Market price range: $834k - $1.99M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,340,000 Current use
- RESTAURANT
- $2,085,000 Change: +55% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,930,000 Change: +44% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,445,000 Change: +8% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,305,000 Change: -3% Conversion: Easy
- OFFICE BUILDING
- $1,115,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Peabody
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9805
- Latitude
- 42.5459
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$18,549
$392,900
$592,200
$985,100
-
$0.00
$0.00
$0.00
