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$ 9,000,000
Est. payment /mo
Price Dropped by $1.0M
3 Bourbon St Peabody, MA 01960
2.39 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73575777
HOA Y/N false
Year Built 1972
Annual Tax Amount $66,570
Tax Year 2025
Lot Size 2.390 Acres
Acres 2.39
Property 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.
Location
State MA
County Essex
Zoning BR
Direction Off Route 1
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 110 Volts
Others
Senior Community false
Listed by NextGen Realty, Inc.
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