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532 Lowell St

5,070 SF 100% Leased Office Building Peabody, MA 01960 $1,700,000 ($335/SF)

Investment Highlights

  • High visibility from Lowell Street, US-Route 1, and US-95.
  • Ample parking is available on-site, ensuring convenience for tenants and customers.

Executive Summary

532 Lowell Street, Peabody, MA 01960 is a multi-tenant building that has spectacular visibility from Lowell Street, US-Route 1, & US95. The nearly 12,000 square foot, assessment value, and a certified development plot plan of 19,890 sq ft, lot is improved with a 5,070 square foot 3 story building. Its location and access is second to none! Vehicle entrance is facilitated with a traffic light at this property, which regulates the traffic from Bourbon Street and Lowell St. Currently leased to 3 tenants, with ample parking, the zoning is BR “regional business” which
allows many uses by right, this zone is one of the most liberal in Peabody. The location of the building and shape of the lot lends itself to a possible drive-through.

Property Facts

Sale Type
Investment
Sale Condition
Lease Option
Property Type
Office
Building Size
5,070 SF
Building Class
C
Year Built
1988
Price
$1,700,000
Price Per SF
$335
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,690 SF
Slab To Slab
9’
Building FAR
0.26
Land Acres
0.45 AC
Zoning
BH2, Peabody - Commercial
Parking
37 Spaces (7.3 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,000 SF
  • Office/Retail
  • Full Build-Out
  • 30 Days

For Lease Office, Yoga, Clinic. Opportunities like this don’t show up very often. Asking Price $3,600/month, Rent includes HV /AC, water, real estate taxes, snow plowing & more

Space Size Space Use Condition Available
1st Floor 2,000 SF Office/Retail Full Build-Out 30 Days

1st Floor

Size
2,000 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 2,000 SF
Space Use Office/Retail
Condition Full Build-Out
Available 30 Days

For Lease Office, Yoga, Clinic. Opportunities like this don’t show up very often. Asking Price $3,600/month, Rent includes HV /AC, water, real estate taxes, snow plowing & more

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
PEAB-000035-000000-000028
Land Assessment
$367,400
Improvements Assessment
$384,700
Total Assessment
$752,100
  • Listing ID: 32791531

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 532 Lowell St, Peabody, MA 01960

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