532 Lowell St - Office FOR SALE


Peabody, MA 01960
$1,700,000 USD
781-883-0707
532 Lowell St, Peabody, MA for Sale
$1,700,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

532 Lowell St
Peabody, MA 01960


HIGHLIGHTS

  • High visibility from Lowell Street, US-Route 1, and US-95.
  • Ample parking is available on-site, ensuring convenience for tenants and customers.

OVERVIEW

532 Lowell Street, Peabody, MA 01960 is a multi-tenant building that has spectacular visibility from Lowell Street, US-Route 1, & US95. The nearly 12,000 square foot, assessment value, and a certified development plot plan of 19,890 sq ft, lot is improved with a 5,070 square foot 3 story building. Its location and access is second to none! Vehicle entrance is facilitated with a traffic light at this property, which regulates the traffic from Bourbon Street and Lowell St. Currently leased to 3 tenants, with ample parking, the zoning is BR “regional business” which allows many uses by right, this zone is one of the most liberal in Peabody. The location of the building and shape of the lot lends itself to a possible drive-through.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

BH2, Peabody

APN/PARCEL ID

PEAB-000035-000000-000028

ASK ABOUT THIS PROPERTY

Frank PasciutoPasciuto & AssociatesMore Info
781-883-0707

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Frank PasciutoPasciuto & AssociatesMore Info
781-883-0707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.