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34269291
34269308

98 Main Street, Peabody, MA 01960 For Sale

$1,900,000
10 days on market
Updated 10 days ago
Opportunity zone

98 Main Street

Details
Property Type Mixed Use
Square Footage 7,728
Units 2
Occupancy 100%
Class B
Year Built 1830
Year Renovated 2007, 2009, 2011, 2012, 2020, 2021, 2022, 2024
Buildings 1
Stories 3
Acreage 0.160
Zoning BC
Parking Spaces 13 spaces
Parking per 1,000 SqFt 1.68
Investment Type Sale/Leaseback
Ground Lease No
Loading Docks 1
Sale Condition Sale for leaseback

Standalone Mixed Use Building with Established Cafe & Residential Unit

Marketing description

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.

Investment highlights

  • Rare standalone mixed-use asset
  • Prime downtown Peabody location
  • Established commercial café operation
  • Expansive 6-bedroom residential component
  • Lower-level food production space
  • Excellent street visibility and signage potential
  • 13 off-street parking spaces

Listing Contacts

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