Exceptional mixed-use opportunity in downtown Peabody! 46–48 Walnut St features two commercial units on the first floor, one currently used as a residential apartment (to be delivered vacant) and a bakery currently leased. At the buyer’s request, the seller can terminate the bakery lease, giving the option to assume the space or re-lease it. The second and third floors include four residential units with strong rental demand and short-term leases for flexibility. Prime location with excellent visibility near shopping, dining, and major routes. Neighboring commercial property is also on the market, creating a unique chance to expand and enhance future value.

Property Details

Price:
$3,750,000
MLS #:
73426593
Status:
Active
Beds:
0
Baths:
6
Address:
46-48 Walnut St
Type:
Commercial
City:
Peabody
Listed Date:
Sep 5, 2025
State:
MA
Finished Sq Ft:
6,840
Total Sq Ft:
6,840
ZIP:
01960
Lot Size:
6,839 sqft / 0.16 acres (approx)
Year Built:
1930

Schools

Interior

Exterior

Roof
Shingle

Financial

Tax Year
2025
Taxes
$15,391

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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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46-48 Walnut St
Peabody, MA