98 Main St - Retail FOR SALE


Peabody, MA 01960- Downtown Peabody
$1,900,000 USD
978-317-6139
98 Main St, Peabody, MA for Sale
$1,900,000 USD
Retail - FOR SALE
1/41
null | Request Cap Rate

98 Main St
Peabody, MA 01960
Downtown Peabody


HIGHLIGHTS

  • Standalone mixed-use building
  • High foot and auto traffic road in downtown
  • Existing successful cafe
  • 13 private off-street parking spaces
  • Loading dock

OVERVIEW

Rare standalone mixed-use opportunity in downtown Peabody. Currently operating as a successful café, the commercial space features a spacious dining area, service counter, bakery/café setup, and two restrooms. The lower level is fully equipped for food service operations with a walk-in refrigerator, walk-in freezer, prep kitchen, pastry room, office, bathroom, multiple storage rooms, and additional support space. Above the commercial space is a large residential unit offering 6 bedrooms and 2 full baths. Formerly configured as two separate apartments, the residence was combined into one expansive unit. Well-positioned on Main Street with excellent visibility and ample off-street parking, this unique property is ideal for those seeking a mixed-use asset with both established commercial and residential components.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1830

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

BC

APN/PARCEL ID

PEAB-000085-000000-000075

ASK ABOUT THIS PROPERTY

Henry PizzoAluxetyMore Info
978-317-6139

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Henry PizzoAluxetyMore Info
978-317-6139

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