Property profile

15 Newbury St Peabody, MA 01960

FOR LEASE
Turn key restaurants
Property ID
US38-1897549
9,655 SF 1.59 ac lot Built 1974
Entity Owned 23-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 7,755-square-foot retail space, located at 15 Newbury Street in Peabody, Massachusetts, presents a unique opportunity for a single-tenant business. Situated on a generous 1.6-acre lot, the property boasts ample parking with 94 spaces, ensuring convenient access for customers and employees. The building is zoned BR-1, offering flexibility for a variety of retail or restaurant uses. The entire space is currently vacant, providing a blank canvas for a new tenant to customize to their specific needs. The property's prominent location on Newbury Street in Essex County offers excellent visibility and accessibility, making it an ideal location to establish or expand a business. With its substantial size, ample parking, and prime location, this property is poised to attract significant foot traffic and contribute to the success of any retail or restaurant operation. The address is 15 Newbury Street, Peabody, MA 01960. The property's convenient location and substantial size make it an attractive option for businesses seeking a high-profile presence in a thriving community. The entire 7,755 square feet is available for lease. This is a single-tenant property.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1974
Construction FRAME
Total area 9,655 SF
Lot 1.59 ac (69,348 SF)
Zoning code BR1
APN PEAB M:0088 B:0006
UPID US38-1897549

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
  • Restaurant

Location

15 Newbury St Peabody, MA 01960
Peabody metro Census 210302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$955k

Owner & transaction history

since 2003
4 recorded transactions
2010
Price N/A
2003
$2.9M
1995
$1.3M
1990
$17,500

Zoning & alternative use

BR1 · Peabody, MA

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message