3 Bourbon St - Freestanding FOR SALE


Peabody, MA 01960- Central Peabody
$10,000,000 USD
617-818-3085
3 Bourbon St, Peabody, MA for Sale
$10,000,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

3 Bourbon St
Peabody, MA 01960
Central Peabody


HIGHLIGHTS

  • Heavy traffic on Route 1
  • Residential Development Potential

OVERVIEW

Great property right off Route 1 in Peabody for sale! Owner operator has small office and nicely done two bed 2 bath 3500SF home included in the property sale. Solid existing tenants with long term leases going into 2033 with option years. New owner can enjoy great rental income from the Mini-Storage with existing below market price and get financial boost from moving rent to market pricing. Also has great development potential for any developers seeking to expand onto residential ground-up development. There's also a Class II Auto Dealer license for additional consideration if buyer is interested, very limited amount in the City of Peabody.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$980 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

BH2

APN/PARCEL ID

PEAB-000036-000000-000021

ASK ABOUT THIS PROPERTY

Yuan HuangNextGen Realty, Inc.More Info
617-818-3085

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Yuan HuangNextGen Realty, Inc.More Info
617-818-3085

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