Sold
222 Newbury Street
Peabody MA, 01960
$1,900,000
$439.81 per sqft
Sold
4,320 sqft
Commercial
Built in 2003
Rare opportunity to own a quality, well designed steel building constructed in 2003 with 20 plus foot ceiling height. PRIME Route 1 frontage AND on Lowell Street as well, accessible from both. Outstanding visibility and accessibility on a very busy section of Route 1 Southbound. BR1 zoning allows many, many uses including shop/office for Contractors. Current use is Automotive Repair and used car sales. Has 4 overhead doors 14' high as well as several man doors that could allow separate access if desired. Clean 21E. Has waste oil furnace, 3 Modine heaters in bays and 2 zones HVAC in offices. Property equipped with 2 car lifts, alarm system, compressor, metal roof, 2 half baths plus a full shower bathroom on second floor 720 Sq Ft office mezzanine. As opposed to selling outright, owner might consider extended NNN lease for $12,000/MO. 25 car used car sales license negotiable.
72958445
MLSⓇ ID
March 28, 2022
Listed
March 25, 2024
Updated
Map
222 Newbury Street
Peabody MA, 01960
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.34 Acres
Roof
Metal
Other Property Details
Taxes
$15,819
Tax Frequency
Annually
Garage
No
Parking Total
31
View
No
County
Essex
Pool
No
Zoning
BR1
Buyer Agency Compensation
2%
Courtesy of Cudmore and Associates, RE/MAX On the River, Inc.
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Data last updated 7:00 PM UTC, 3/25/2024
