Commercial Sale at 3 Bourbon St, Peabody MA 01960, Peabody
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25 photos

$10,000,000

3 Bourbon St, Peabody MA 01960
Peabody, MA 01960
Listed by Jenna DeRose
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1972

About this home

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.

Property details

MLS #
73575777
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
15
On market date
September 10, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
2.39 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
John E. McCarthy
1.2 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
315
Student:teacher ratio
12.6:1
District
Peabody
Middle
J Henry Higgins Middle
2.42 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,393
Student:teacher ratio
13.8:1
District
Peabody
High
Peabody Veterans Memorial High
0.3 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,455
Student:teacher ratio
12.1:1
District
Peabody

Walkability

Blended score for Peabody's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

66
Walkable
out of 100
EPA National Walkability Index
9.5 / 20 -- Below average walkable
Nearby-amenity density
93 / 100
Restaurants & cafes20
Grocery stores5
Parks4
Schools7
Transit stops1
Pharmacies3

Market position

How this listing compares to current activity in Peabody, from live MLS data.

On the market 15 days -- 60 fewer days than Peabody's current average of 75 days.
For reference, the median list price across 206 active listings in Peabody right now is $474,750.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$60,371/mo
$2,000,000 down
$8,000,000 loan
Principal & interest$51,888
Property tax (est.)$8,333
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 15 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.