This strip shopping center (Main Street Plaza) is located in the heart of downtown Peabody. Walking distance to Peabody City Hall. Municipal Court, library, C.V.S. and Walgreens pharmacies. Solid with long-term lease Tenants include a Bank of America ATM, Subway restaurant, a dental clinic, a convenience store, a Brazilian restaurant, a Brazilian meat and grocery store and a Church.
Fantastic opportunity to purchase a free standing two story building with easy access to downtown Peabody, route 114 and route 128. Great for an end user to utilize the entire building or lease any excess space. Building has been completely updated with new heating, new cooling, new electrical, new windows and new roof. Alarm system. Video monitoring. 2 garage bays. CAT wired. Roughed for 3 bathrooms (2 handicapped) on first floor. Bathroom on second floor ready to be roughed in.
Now Available First Floor Warehouse with Two (2) Loading Docks. Ideal for Warehouse or Warehouse with Office. SUB-DIVIDABLE. Additional Second Floor Available with Freight Elevator
Offered Lot A with 2 story metal building: 2 bays 1st floor with 12 ft doors, and apartment on second (could be office); Plus two family fully rented on Lot B $498,500. Combined Income $42,200, expenses $11,275.11. Net Income $30,724.89 (rents low) Land area 7,213 sq. ft. Note: Combined gross area 1326+2700=4026 sq.ft.