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190-194 Newbury St 1,600 - 5,950 SF of 4-Star Space Available in Peabody, MA 01960
Highlights
- Direct visibility from Route 1 South with high traffic counts.
- Ample on-site parking supports employee and client convenience.
- Excellent regional connectivity via Route 1, I-95, and Route 128.
- Located near major retailers, dining, and essential services.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,600-4,150 SF | 12’ | 3-5 Years | $25.00 /SF/YR $2.08 /SF/MO $103,750 /YR $8,646 /MO | Triple Net (NNN) | |
| 1st Floor | 1,800 SF | - | 3-5 Years | $25.00 /SF/YR $2.08 /SF/MO $45,000 /YR $3,750 /MO | Triple Net (NNN) |
1st Floor
1st floor office or prime retail space with 3-5 year lease required (multiple years with options available if preferred) Rent: $25 per square foot per month, Utilities not included electricity, heat and AC, cable and internet. Security deposit required and first full month rent. Last months rent not required. Modern building with plenty of parking. Located right on Route 1 South with lots of visibility and access all directions. Including easy access from Route 128, 95, Route 1. A high traffic exposure location that is perfect for attorneys, accountants, consultants, financial planners, physical therapy, training, yoga, medical office, media, marketing, and start ups. Don't miss out, set up an appointment right away! Space can potentially be divided into a smaller space, but build out would be required on lessee.
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
- Finished Ceilings: 12’
- Can be combined with additional space(s) for up to 5,950 SF of adjacent space
- Central Air and Heating
- Modern building with plenty of parking.
1st Floor
Available now is a fully built-out, 1,800-square-foot office/retail suite in a high-exposure center along Newbury Street (Route 1 South) in Peabody. Ideal for healthcare, boutique fitness, or professional service operations, this turnkey space was previously configured for a physical therapy practice, minimizing upfront costs and offering immediate usability.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Physical Therapy Space
- Can be combined with additional space(s) for up to 5,950 SF of adjacent space
- Central Air and Heating
- Wheelchair Accessible
- Turnkey 1,800 SF medical or office suite
- Former PT space, ready for occupancy
- Ample on-site parking available
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 5,950 SF | Gross Leasable Area | 128,345 SF |
| Min. Divisible | 1,600 SF | Year Built | 2009 |
| Property Type | Retail | Parking Ratio | 2.08/1,000 SF |
| Property Subtype | Health Club |
| Total Space Available | 5,950 SF |
| Min. Divisible | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Health Club |
| Gross Leasable Area | 128,345 SF |
| Year Built | 2009 |
| Parking Ratio | 2.08/1,000 SF |
About the Property
High-exposure center along Newbury Street (Route 1 South) in Peabody. Ideal for healthcare, boutique fitness, or professional service operations. The property boasts a modern layout with high ceilings and an open plan configuration, complemented by quality finishes. Tenants benefit from excellent visibility to heavy daily traffic along Route 1, as well as convenient access to primary regional roadways including I-95 and Route 128. The surrounding area features a robust mix of retailers, dining options, and professional services, creating a convenient ecosystem for clients and staff alike. On-site parking is plentiful, ensuring a hassle-free experience for visitors and employees. With strong positioning in a thriving North Shore commercial corridor, the location offers unmatched connectivity and a professional environment designed for operational efficiency and client-facing interaction. Ready for occupancy, this suite allows businesses to move in quickly and hit the ground running.
- Dedicated Turn Lane
- Freeway Visibility
- Pool
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
Contact the Leasing Agent
190-194 Newbury St