978-998-9389
39 Wallis St, Peabody, MA for Sale
Manufacturing - FOR SALE
1/9
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39 Wallis St
Peabody, MA 01960
Downtown Peabody


OVERVIEW

As exclusive agent, Nordlund Associates, Inc. is pleased to present 39 Wallis Street, Peabody for sale. Situated on +/- 1.91 acres in the downtown district of Peabody, this unique asset is located less than 2 miles from I-95/Route 128 and ¼ mile from Route 114. A long-standing manufacturing facility, this multi- building complex contains +/- 84,266 square feet, including about 47,000 square feet of first-floor office space, warehouse storage, and manufacturing, with the remaining balance consisting of multi-story space accessed by a freight elevator. The first floor can be accessed via multiple loading positions, including six at-grade doors and two tailboard loading docks. Accompanying this property and functional industrial facility offering are permitted plans outlining a 132- unit mixed-use residential redevelopment opportunity. Current ownership has secured permits for a high-density mixed-use project. This thoughtfully planned development features 132 residential units, premium amenities, and parking, providing significant long-term value for prospective buyers. Located minutes from downtown with access to major highways, public transit, and strong demographics, 39 Wallis Street offers a rare opportunity to acquire a functional industrial facility with long-term redevelopment potential.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.57

LAND SF

68,412

ZONING

GBD

APN/PARCEL ID

PEAB-000085-000000-000011

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Christopher EverestNordlund Associates, Inc.More Info
978-998-9389

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Christopher EverestNordlund Associates, Inc.More Info
978-998-9389

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