This is a large industrial complex located in downtown Peabody within relatively close vicinity to Route 128. The nearly 2 acre site is level and currently used for parking and outdoor storage. There is first floor space of 24,832 s.f. and second level space of 10,166 s.f. The original two story building is an attractive brick structure. The second level is currently used for offices, lunch room and manufacturing. There is a drive in loading door at the rear of the property and also within the attached out buildings. This complex boasts heavy power. Within the past few years there has been a substantial investment in roofing, gutters and some paving. This property has been continuously used since the beginning of the 20th century. The building has a wet sprinkler system. This is an excellent opportunity for a large manufacturer or to subdivide the buildings for multi-tenant industrial or flex occupancy. Alternatively, the property would be an attractive downtown housing site

Property Details

Price:
$2,500,000
MLS #:
73315353
Status:
Active
Beds:
0
Baths:
0
Address:
103 Foster St
Type:
Commercial
City:
Peabody
Listed Date:
Nov 23, 2024
State:
MA
Finished Sq Ft:
34,998
Total Sq Ft:
34,998
ZIP:
01960
Lot Size:
80,150 sqft / 1.84 acres (approx)
Year Built:
1900

Schools

Interior

Exterior

Parking Spots
50

Financial

Tax Year
2024
Taxes
$24,471

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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103 Foster St
Peabody, MA