532 Lowell St Peabody, MA 01960-1358

Property Details for 532 Lowell St

Year built

1988

Construction

FRAME

Lot size

0.27 lot acres

Property size

5,070 SF

Zone code

BR

Property type

Retail space

APN

PEAB M:0035 B:0028

APU

PEABM0035B0028

Description

This exceptional investment opportunity presents a three-unit warehouse totaling 5,070 square feet situated on a 0.27-acre lot in Peabody, Massachusetts (01960). The property, built in 1988, boasts a strategic location with high visibility from Lowell Street, US Route 1, and US-95, ensuring excellent exposure for businesses. The three-story building sits on a lot with a certified development plot plan of 19,890 square feet, offering ample space for various business operations and tenants. Currently leased to three tenants, providing a stable income stream. The property features 30 parking spaces, convenient access via a traffic light regulated intersection from Bourbon Street and Lowell Street, and is zoned BR, allowing for flexible usage. The asking price is $1,700,000. The property's location presents a potential opportunity for incorporating a drive-thru feature. This is a rare opportunity to acquire a well-located, multi-tenant warehouse in a thriving area. The APN is M:0035 B:0028.

Location Insight

City

Peabody

County

Essex

State

Massachusetts

Longitude

-70.9818

Latitude

42.5455

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments