535 Lowell St - Freestanding FOR SALE


Peabody, MA 01960- Central Peabody
$17,000,000 USD
978-204-3874
535 Lowell St, Peabody, MA for Sale
$17,000,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

535 Lowell St
Peabody, MA 01960
Central Peabody


HIGHLIGHTS

  • Excellent visibility along Route 1 North with direct access to Interstate 95.
  • Multi-level commercial building structure supporting redevelopment opportunities.
  • Additional 2,500 SF pad site available for future development.
  • Over 325 parking spaces providing convenience for tenants and visitors.
  • Existing tenancy with significant monthly income and strong leasing momentum.

OVERVIEW

This exceptional commercial offering at 535 Lowell Street in Peabody combines scale, visibility, and redevelopment potential within a highly active corridor. The site comprises over 52,000 SF of rentable area and an additional 2,500 SF pad development opportunity on 4.87 acres, strategically situated along Route 1 North with direct connectivity to I-95. Zoning under BR classification allows for flexible commercial applications, while existing income streams exceeding $100K per month underscore the asset’s stability and market appeal. High-profile frontage and traffic exposure amplify tenant demand, with parking capacity exceeding 325 spaces. The multi-level layout supports large-format tenancy or subdivided ownership opportunities, creating significant upside for investors seeking established cash flow and development leverage in a growth-focused submarket.

FOR SALE DETAILS

PRICE

$17,000,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

325

LAND DETAILS

LAND ACRES

4.87 AC

LAND SF

212,137 SF

ZONING

BR

APN/PARCEL ID

PEAB-000035-000000-000025

ASK ABOUT THIS PROPERTY

Pete CastrichiniBarry Realty GroupMore Info
978-204-3874

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Pete CastrichiniBarry Realty GroupMore Info
978-204-3874

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