Property Description
Exceptional mixed-use opportunity in Peabody’s downtown district! 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.
Features
- Disclosure:
- Listing agent has interest in property. Unit 2 rented as 2 bed, one of the bedroom does not have a closet (1 bed per city records).
Additional Information
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- GBD
- Orig Price:
- $3,750,000
- Waterfront:
- No
- MlsStatus:
- Active
Address Map
- City:
- Peabody
- State:
- MA
- County:
- Essex
- Postal Code:
- 01960
- Longitude:
- W71° 4' 35.9''
- Latitude:
- N42° 31' 36.2''
Commercial Sale
46-48 Walnut St, Peabody, Massachusetts
10,231 Sqft
$2,900,000
Listing ID #73426593
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,900,000
- Square Footage :
- 10,231 Sqft
- Year Built :
- 1930
- Lot Area :
- 0.16 Acre
- Listing ID :
- 73426593
Agent info
Robb Enterprises
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
Contact Agent