218 Newbury StreetPeabody, MA 01960MLS Number 72500572

  • Price: $2,200,000
  • 160 Days on Market
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Federal 30-year interest rate: 3.69% last updated on Oct 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 5,000Square Feet
  • 0.58Acreage
  • 1963Year Built

218 Newbury Street in Peabody is located on Route 1 southbound toward Boston, near the Route 114 / Lowell St interchanges. The property is accessible by two curb cuts and features 32 parking spaces on-site & 2-way marquee signage on the highway. Currently an automobile repair facility, but the current zoning lends itself to a myriad of uses. With 200 +/- feet of frontage and 23,900 vehicles per day, this parcel is prime for retail re-development. The building is about 5,000 +/- SF in size and has a 14-15 foot interior clear height with private office space and bathrooms. There are three drive-in bays - two accessible from the front, 10x20 & 12x20 in size and one 7x7 size door accessible from the side. The lot is 25,000 +/- SF in size, improved with a 117x43 +/- SF existing footprint. Thirty two (32) parking spaces on-site. Plenty of room around the building for a bank or restaurant drive-thru. Great visibility in a high traffic area.

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J Barrett & Company - Cummings Center Office
J Barrett & Company - Cummings Center Office
Office: 978.922.3683
100 Cummings Center
Suite 101K
Beverly, MA 01915
Listed by Brian DApice and Jennifer DApice of The Mega Group

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