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98 Main St 7,728 SF 100% Leased Office Building Peabody, MA 01960 $1,900,000 ($245.86/SF)
Executive Summary
Rare standalone mixed-use opportunity in downtown Peabody. Currently operating as a successful café, the commercial space features a spacious dining area, service counter, bakery/café setup, and two restrooms. The lower level is fully equipped for food service operations with a walk-in refrigerator, walk-in freezer, prep kitchen, pastry room, office, bathroom, multiple storage rooms, and additional support space. Above the commercial space is a large residential unit offering 6 bedrooms and 2 full baths. Formerly configured as two separate apartments, the residence was combined into one expansive unit. Well-positioned on Main Street with excellent visibility and ample off-street parking, this unique property is ideal for those seeking a mixed-use asset with both established commercial and residential components.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
7,728 SF
Building Class
B
Year Built/Renovated
1830/2024
Price
$1,900,000
Price Per SF
$245.86
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
3,864 SF
Building FAR
1.11
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
BC
Parking
13 Spaces (1.68 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Storage Space
- Cafe
1 1
Very walkable
80/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | PEAB-000085-000000-000075 | Total Assessment | $940,700 (2025) |
| Land Assessment | $288,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $652,700 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
PEAB-000085-000000-000075
Land Assessment
$288,000 (2025)
Improvements Assessment
$652,700 (2025)
Total Assessment
$940,700 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Photos
Street View
Street
Map
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Contact the Sale Advisor
98 Main St