The Mega Group is pleased to present the Sons of Israel, a free-standing building situated in the heart of downtown Peabody Massachusetts. The Property is 3,900 +/- square feet in size, grossly understated by its unmeasured gorgeous loft mezzanine, having a wood-framed exterior being built around 1889 and situated on .11 acres of land. The premises consists of one (1) main level “chapel” with loft and a lower level “social hall” with kitchen and common utilities. The facility is serviced by electric and natural gas for cooking and steam heat. There are two (2) separate heating systems and a multitude of air conditioning condensers for a comfortable environment. Sons of Israel, founded in 1909 by Lithuanian and Russian immigrants who came to Peabody to work in the leather tanning industry. In 1912, it moved into its current location at Park and Spring Streets, and began its Hebrew school the next year. The Subject Property is accessible by Route 128 via Route 114 (Andover Street) in about a four-minute drive time. Main Street in Peabody is accessible by Lowell Street and is the main artery from Route 128 to Salem / Marblehead and is one-block from the Subject Property. Multi-Family Residence (R-3, R-4, and R-5) is intended to provide sites for multi-family residential development, with a mix of density standards. Additionally, R-4 districts allow more intensive multi-family development, as well as some commercial and retail uses.