Great property right off Route 1 in Peabody for sale! Owner operator has small office and nicely done two bed 2 bath 3500SF home included in the property sale. Solid existing tenants with long term leases going into 2033 with option years. New owner can enjoy great rental income from the Mini-Storage business with existing below market price and get financial boost from moving the 176 units' rent to market pricing. Also has great development potential for any developers seeking to expand onto residential ground-up development. There's also a Class II Auto Dealer license for additional consideration if buyer is interested, very limited amount in the City of Peabody.
| Listing ID: | 73575777 |
|---|---|
| List Price: | $9,000,000 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Tax Annual Amount: | $66,570 |
| Lot Size Square Feet: | 104,108 |
| Lot Size Acres: | 2.39 |
| City: | Peabody |
| County Or Parish: | Essex |
| Postal Code: | 01960 |
| Year Built: | 1972 |
| Status: | Active |
| State Or Province: | MA |
| Listing Contract Date: | 2026-09-10 |
| Lot Size Area: | 2.39 |
| Basement: | false |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Parcel Number: | M:0036 B:0021, 23726322 |
| Utilities: | Public Water, Public Sewer, Natural Gas Available, 110 Volts |
| Zoning: | BR |
| Zoning Description: | Legal Conforming |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $529,512 |
| Net Operating Income: | $504,133 |
| Operating Expense: | $25,378 |
| Original List Price: | $10,000,000 |
| Tax Year: | 2025 |
Listing Courtesy of: NextGen Realty, Inc.
Listing Agent: Jenna DeRose
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MLS Property Information Network, Inc. data last updated on October 08, 2026 04:59 PM - ET
Property Last Updated: October 08, 2026 04:59 PM - ET
