Retail/ Auto Sales or Redevelopment Property on Route 1, Peabody

Highlights

• Prime High Traffic Location
• 38,715 MPSI Traffic Count
• 40 Vehicle Used Sales License

Description

Faulkner Commercial Group is pleased to present for sale this property on Newbury Street (US Route 1) in Peabody. Route 1 is a primary route from the north into Boston, with 38,715 MPSI traffic count according to the MA Department of Transportation. This mixed-use property has historically been used for residential and auto sales, (40 used car license), but the .31 acre corner lot offers many possibilities for redevelopment.

The property is in the BR1 zone, which allows a multitude of uses by right or exception. All information was obtained from the seller and public information deemed to be reliable, prospective buyers are encouraged to perform due diligence as to material facts and allowed uses.

Situated on US Route 1

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