532 Lowell St Peabody, MA 01960-1358
Property profile & analytics
532 Lowell St Peabody, MA 01960-1358
- Retail space
- 5,070 SF
- 0.27 lot acres
Property ID
US38-2370268
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
- New England Gaming News / Department Store
- Bagley Construction / Construction Company / General Contractor
- Gary Girolamo at CrossCountry Mortgage | NMLS# 872561 / Loan Service / Bank
- CSGI FIREARMS - LICENSE TO CARRY & SALES / Training Center / Vocational School
- Town & Country Homes Inc / Construction Company / General Contractor
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,390,000
- 6.5%
- $1,280,000
- 7%
- $1,190,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,059,000
Market price range: $701k - $1.67M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,130,000 Current use
- RESTAURANT
- $1,750,000 Change: +55% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,620,000 Change: +44% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,215,000 Change: +8% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,095,000 Change: -3% Conversion: Easy
- OFFICE BUILDING
- $935,000 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
- -70.9818
- Latitude
- 42.5455
- 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
$14,162
$367,400
$384,700
$752,100
-
$0.00
$0.00
$0.00
