1 Bourbon St Peabody, MA 01960-1339
- Retail space
- 6,035 SF
- 0.33 lot acres
Current Use by Public Records
- Karl's Sausage Kitchen & European Market / Deli / Market
- Marie Hans Wurst Co / Grocery Store
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,635,000
- 6.5%
- $1,740,000
- 7%
- $1,655,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,410,000
- Geo Method
- $1,765,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,885,000
- Retail
- $1,945,000
- Mixed-Use
- $1,750,000
- Hospitality
- $1,535,000
- Educational
- $1,980,000
- Residential Income
- $1,525,000
- Energy
- $1,775,000
- Income-Based Land
- $1,505,000
- Food Service
- $1,530,000
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
