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Investment Highlights

  • Heavy traffic on Route 1
  • Residential Development Potential

Executive Summary

Great property right off Route 1 in Peabody for sale! Owner operator has small office and nicely done two bed 2 bath 3500SF home included in the property sale. Solid existing tenants with long term leases going into 2033 with option years. New owner can enjoy great rental income from the Mini-Storage with existing below market price and get financial boost from moving rent to market pricing. Also has great development potential for any developers seeking to expand onto residential ground-up development. There's also a Class II Auto Dealer license for additional consideration if buyer is interested, very limited amount in the City of Peabody.

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,200 SF
Building Class
B
Year Built
1972
Price
$10,000,000
Price Per SF
$980.39
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
2.39 AC
Zoning
BH2 - mixed use
Parking
10 Spaces (0.98 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • AC Auto
  • Services
  • 99,999 SF
  • -
  • -
  • Services
  • 99,999 SF
  • -
  • -

Experience our full service salon - hair, skin care ,massage, waxing, nails, makeup, eyelash & brow. Our stylists are cutting edge, fun and highly artistic. We offer basic cuts to the newest hair trends, one color process to if you can dream it we can do it, highlights, color corrections, balayage and ombres. Elegant updos, tousled looks or braids , we will make your prom or wedding picture perfect. Our makeup artists have been trained in casual makeup to television ready makeup. Our esthetician offers customized facials for all skin types, back facials, brow & lash services. Have a relaxing massage or get those knots out with a deep tissue massage. Relaxing pedicures, gel manicures and nail designs. Our goal is to provide exceptional customer service and a comfortable atmosphere.

  • Tattoo Parlor
  • Services
  • 99,999 SF
  • -
  • -
  • Toscana Restaurant
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
AC Auto Services 99,999 SF - -
Services 99,999 SF - -
Tattoo Parlor Services 99,999 SF - -
Toscana Restaurant Accommodation and Food Services 99,999 SF - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Eastern Bank
TGI Fridays
Planet Fitness
Clean Eats
Toyota

Property Taxes

Property Taxes

Parcel Number
PEAB-000036-000000-000021
Land Assessment
$1,478,400 (2025)
Improvements Assessment
$2,021,600 (2025)
Total Assessment
$3,500,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
  • Listing ID: 42117462

  • Date on Market: 9/10/2026

  • Last Updated:

  • Address: 3 Bourbon St, Peabody, MA 01960

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