39 Wallis St 84,266 SF Industrial Building Peabody, MA 01960 $3,395,000 ($40.29/SF)

As exclusive agent, Nordlund Associates, Inc. is pleased to present 39 Wallis Street, Peabody for sale. Situated on +/- 1.91 acres in the downtown district of Peabody, this unique asset is located less than 2 miles from I-95/Route 128 and ¼ mile from Route 114. A long-standing manufacturing facility, this multi- building complex contains +/- 84,266 square feet, including about 47,000 square feet of first-floor office space, warehouse storage, and manufacturing, with the remaining balance consisting of multi-story space accessed by a freight elevator. The first floor can be accessed via multiple loading positions, including six at-grade doors and two tailboard loading docks.
Accompanying this property and functional industrial facility offering are permitted plans outlining a 132- unit mixed-use residential redevelopment opportunity. Current ownership has secured permits for a high-density mixed-use project. This thoughtfully planned development features 132 residential units, premium amenities, and parking, providing significant long-term value for prospective buyers.
Located minutes from downtown with access to major highways, public transit, and strong demographics, 39 Wallis Street offers a rare opportunity to acquire a functional industrial facility with long-term redevelopment potential.