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$ 2,500,000
Est. payment | /mo
34,998 SqFt
$ 2,500,000
Est. payment | /mo
34,998 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 34,998 sqft
Price per Sqft $71
MLS Listing ID 73315353
HOA Y/N false
Year Built 1900
Annual Tax Amount $24,471
Tax Year 2024
Lot Size 1.840 Acres
Acres 1.84
Property Description
This is a large industrial complex located in downtown Peabody within relatively close vicinity to Route 128. The nearly 2 acre site is level and currently used for parking and outdoor storage. There is first floor space of 24,832 s.f. and second level space of 10,166 s.f. The original two story building is an attractive brick structure. The second level is currently used for offices, lunch room and manufacturing. There is a drive in loading door at the rear of the property and also within the attached out buildings. This complex boasts heavy power. Within the past few years there has been a substantial investment in roofing, gutters and some paving. This property has been continuously used since the beginning of the 20th century. The building has a wet sprinkler system. This is an excellent opportunity for a large manufacturer or to subdivide the buildings for multi-tenant industrial or flex occupancy. Alternatively, the property would be an attractive downtown housing site
Location
State MA
County Essex
Zoning GB
Direction Foster Street between Lowell Street and Washington Street.
Exterior
Total Parking Spaces 50
Others
Senior Community false
Listed by The Drumlin Group Inc.
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Mike And Lee Mita
Broker-Associate | Lic# REB.0016449