37 Margin
Rare opportunity to acquire a high-traffic, standalone commercial property in a prime location.
Marketing description
Opportunity to own a high-visibility standalone commercial building in a strong retail corridor of Peabody, MA.
The property totals 4,640 sq. ft. on a 12,502 sq. ft. lot, offering excellent signage, ample parking, and easy accessibility. Located just off Route 1 and Interstate 95, this location benefits from consistent traffic counts and strong regional connectivity.
Currently operating as a dry cleaner, the property is well-suited for a variety of retail and service businesses that rely on high visibility and customer convenience.
Investment highlights
Prime Standalone Property
Building Size: 4,640 sq. ft. Lot Size: 12,502 sq. ft. Zoning: R1-A
Parking: Ample on-site customer and staff parking
Location: Excellent frontage on a busy road with 65,000 cars daily, minutes from Route 1 & I-95
Visibility: Strong street presence with signage opportunities
Cap Rate of 6.1% on real estate alone
This versatile property is ideal for a wide range of businesses, including but not limited to:
Banks & financial institutions
Medical & dental practices
Professional offices (attorney, accounting, etc.)
Restaurants & quick-service food chains
Convenience & liquor stores
Specialty & discount retailers
Service-oriented businesses
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