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222 Newbury StreetPeabody, MA 01960Price: $1,990,000

  • Price: $1,990,000
  • 50 Days on Market
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Federal 30-year interest rate: 5.3% last updated on May 12, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,990,000List Price
  • 0.34Acreage
  • 4,320Square Feet

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Listed by Eric Cudmore, Gregg Quimby and Cudmore and Associates of RE/MAX On the River,Inc.
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.

Property Details of 222 Newbury Street

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