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3 Bourbon StPeabody, MA 01960

Essex County

$8,000,000List price
1972Year built
2.39Acre lot
7 weeks agoOn market

Description

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.

Property Information

Property type
Commercial Sale
Year built
1972
Lot size
2.39 acres
Zoning
BR
Days on market
54
MLS® Listing#
73575777

Property Features

Utilities
Natural Gas Available
Sewer
Public Sewer
Water source
Public

Financial Details

HOA
None
Annual taxes
$66,570Tax year 2025
Parcel number
M:0036 B:0021,23726322

Directions

Off Route 1

Listing Courtesy: NextGen Realty, Inc. - 6172082100

Presented by: Jenna DeRose

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