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46 Walnut St 10,231 SF Retail Building Peabody, MA 01960 $2,900,000 ($283.45/SF) 3.10% Cap Rate
EXECUTIVE SUMMARY
Exceptional mixed-use opportunity in downtown Peabody! 46–48 Walnut St features two commercial units on the first floor, one currently used as a residential apartment (to be delivered vacant) and a bakery currently leased. At the buyer’s request, the seller can terminate the bakery lease, giving the option to assume the space or re-lease it. The second and third floors include four residential units with strong rental demand and short-term leases for flexibility. Prime location with excellent visibility near shopping, dining, and major routes. Neighboring commercial property is also on the market, creating a unique chance to expand and enhance future value.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
10,231 SF
Building Class
C
Year Built
1930
Price
$2,900,000
Price Per SF
$283.45
Cap Rate
3.10%
NOI
$89,900
Tenancy
Single
Building Height
3 Stories
Loading Docks
1 Exterior
Building FAR
1.50
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
GBD
Parking
2 Spaces (0.29 Spaces per 1,000 SF Leased)
Frontage
56’ on Walnut Street
AMENITIES
- Bus Line
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | PEAB-000085-000000-000028 | Improvements Assessment | $524,100 |
| Land Assessment | $285,100 | Total Assessment | $809,200 |
PROPERTY TAXES
Parcel Number
PEAB-000085-000000-000028
Land Assessment
$285,100
Improvements Assessment
$524,100
Total Assessment
$809,200
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46 Walnut St
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