Property summary
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
VerifiedCap rate & NOI
Current use
-
Food Market Restaurant
-
Grocery & Convenience Store Food Market
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
BR · Peabody, MADistrict 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BR in Peabody, MA.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.