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 4 - 1 BR 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.
Peabody is located in Massachusetts. Peabody, Massachusetts has a population of 54,200. Peabody is less family-centric than the surrounding county with 27.53% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Peabody, Massachusetts is $83,570. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Peabody is 46.5 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 47.8 inches per year, with 41.8 inches of snow per year.
