46 Walnut St - Retail FOR SALE


Peabody, MA 01960- Downtown Peabody
$2,900,000 USD
617-835-3400
46 Walnut St, Peabody, MA for Sale
$2,900,000 USD
Retail - FOR SALE
1/23
null | 3.1% Cap Rate

46 Walnut St
Peabody, MA 01960
Downtown Peabody


OVERVIEW

Exceptional mixed-use opportunity in downtown Peabody! 46–48 Walnut St features two commercial units on the first floor, one currently used as a residential apartment (to be delivered vacant) and a bakery currently leased. At the buyer’s request, the seller can terminate the bakery lease, giving the option to assume the space or re-lease it. The second and third floors include four residential units with strong rental demand and short-term leases for flexibility. Prime location with excellent visibility near shopping, dining, and major routes. Neighboring commercial property is also on the market, creating a unique chance to expand and enhance future value.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

3.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,840 SF

ZONING

GBD

APN/PARCEL ID

PEAB-000085-000000-000028

ASK ABOUT THIS PROPERTY

Helena AraujoeXp RealtyMore Info
617-835-3400

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Helena AraujoeXp RealtyMore Info
617-835-3400

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