Perfect Owner Occupied or Investor Opportunity to own a high-visibility standalone commercial building in a strong retail corridor of Peabody, MA. The property offers excellent signage, ample parking, and easy accessibility. Located just off Route 1 and Interstate 95, this location benefits from consistent traffic counts and strong regional connectivity. Highlights: Prime Standalone Property, Full Basement, Parking: Ample on-site customer and staff parking, Location: Excellent frontage on a busy road with 65,000 cars daily, minutes from Route 1 & I-95•Visibility: Strong street presence with signage opportunities. Currently operating as Dry Cleaners, this versatile property is ideal for a wide range of businesses, including but not limited to: Banks & financial institutions, Medical & dental practices, Professional offices (CPA or Legal), Restaurants & quick-service food chains, Convenience & liquor Store. Bring your Ideas! Seller will deliver vacant (all equipment removed).
37 Margin St, Peabody, MA, 01960
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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