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251-255 Andover St 850 - 5,209 SF of Space Available in Peabody, MA 01960
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - 251 Freestanding | 2,716 SF | 2-6 Years | $35.00 /SF/YR $2.92 /SF/MO $95,060 /YR $7,922 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 255 Andover #201 | 850 SF | 2 Years | $29.00 /SF/YR $2.42 /SF/MO $24,650 /YR $2,054 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 255 Andover #202 | 1,643 SF | Negotiable | $31.00 /SF/YR $2.58 /SF/MO $50,933 /YR $4,244 /MO | Triple Net (NNN) |
1st Floor - 251 Freestanding
Available on or before May 1, 2026 251 Andover Street is a modern, freestanding mixed-use building for lease on highly traveled Rt 114 in Peabody. This striking, contemporary space offers exceptional exposure and signage visibility with an average daily count of 40,000–45,000 vehicles per day. Positioned along one of the North Shore’s most active commercial corridors, the property provides outstanding brand visibility and convenient access. The location connects Danvers, Peabody, and Salem, ensuring a steady flow of customers and commuters throughout the day. With its clean, modern design, ample parking, and prominent street presence, this property is ideal for a variety of business types, including retail showrooms, professional offices, medical or wellness practices, boutique fitness studios, or specialty service providers. Businesses seeking a high-impact location that projects professionalism and captures maximum drive-by exposure will find this property unmatched in convenience, visibility, and curb appeal.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Reception Area
- Private Restrooms
- High Ceilings
- Prime 114 Visibility
- Pylon Signage Opportunity
- Lots of Natural Light
- Flexible Floor Plan
- Free Standing Building
- Ample Parking
1st Floor, Ste 255 Andover #201
255 Andover Street, Suite 201. Experience the perfect blend of professionalism and accessibility at 255 Andover Street. This modern, impeccably maintained commercial building offers a second-floor office suite, consisting of 3 offices with elevator service. Additional room with sink for small kitchenette if needed. Perfectly positioned along bustling Route 114, this property offers outstanding visibility and convenience within one of the North Shore’s most active business corridors. The bright, versatile space is ideal for professional offices, medical or wellness practices, or service-based businesses seeking a high-traffic location. With an average daily traffic count of 40,000–45,000 vehicles, ample on-site parking, and easy access to Peabody, Danvers, and Salem, this property offers exceptional exposure, accessibility, and a professional setting to elevate your brand presence.
- Lease rate does not include utilities, property expenses or building services
- 3 Private Offices
- 1 Conference Room
- Space is in Excellent Condition
- Central Air and Heating
- Corner Space
1st Floor, Ste 255 Andover #202
255 Andover Street, #202. Position your business for success at 255 Andover Street, a modern, sun drenched, commercial building offering exceptional visibility on highly traveled Route 114. This spacious, bright and flexible suite features three office-style rooms, a spacious open area ideal for classrooms, training sessions, conferences or collaborative work, and an additional storage space to keep a clutter free environment. Ample on-site parking ensures convenience for staff and clients alike, and the building’s sleek, contemporary design makes a strong impression the moment you arrive. With outstanding signage opportunities on Route 114, your business will benefit from unparalleled exposure to thousands of passing vehicles daily. Available now — this turnkey space is perfect for educational programs, medical or wellness practices, professional offices, or any business seeking a prominent, accessible Peabody location in a well-maintained property. Please note rentable square footage is 1,643 sq ft.
- Lease rate does not include utilities, property expenses or building services
- Partitioned Offices
- Space is in Excellent Condition
- Central Air Conditioning
- Open-Plan
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 | 5,209 SF | Gross Leasable Area | 8,843 SF |
| Property Type | Retail | Year Built/Renovated | 1950/2019 |
| Property Subtype | Storefront | Parking Ratio | 1.84/1,000 SF |
| Total Space Available | 5,209 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 8,843 SF |
| Year Built/Renovated | 1950/2019 |
| Parking Ratio | 1.84/1,000 SF |
ABOUT THE PROPERTY
One freestanding building and two office suites available at 251-255 Andover Street in Peabody,MA. Experience the perfect blend of professionalism and accessibility with these modern, impeccably maintained commercial buildings. Perfectly positioned along bustling Route 114, this property offers outstanding visibility and convenience within one of the North Shore’s most active business corridors. These bright, versatile spaces are ideal for professional offices, medical or wellness practices, or service-based businesses seeking a high-traffic location. With an average daily traffic count of 40,000–45,000 vehicles, ample on-site parking, and easy access to Peabody, Danvers, and Salem, this property offers exceptional exposure, accessibility, and a professional setting to elevate your brand presence.
- Signage
NEARBY MAJOR RETAILERS
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251-255 Andover St
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