RETAIL CORNER LOT - BUILT TO SUIT
Route 114 - Peabody / Danvers
1 Mt. Pleasant Drive, Peabody MA
The Mega Group has available for re-development 1 Mount Pleasant Drive in Peabody, a corner lot with frontage on Route 114. The Subject Property is about .32 Acres in size, or 13,991 +/- square feet. There is currently two (2) large curb cuts in place and a lit sign marquee facing both directions of the highway corridor. Likely use by right is a Bank and / or Financial Institution or QSR by permit. Existing two-unit structure is currently a mortgage company and hair salon. Parking for 20+ vehicles on-site.
The Regional Business District in Peabody was designed to provide space for large mixed commercial development that serves a regional market, which customers generally access by car so there is ample parking to serve the facility. Outdoor storage and use is allowed.
Route 114 connects Routes 1 & 95 (west) to Route 128 (east) and is sometimes referred to as “The North Shore’s Auto Mile” because of the number of new and used car dealerships. The Subject Property is less than a mile from the North Shore Mall.
