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Description
Available for re-development this corner lot with frontage on Route 114. The Subject Property is about .32 Acres in size, or 13,991 +/- square feet. There is currently two (2) large curb cuts in place and a lit sign marquee facing both directions of the highway corridor. Likely use by right is a Bank and/or Financial Institution or QSR by permit. Currently on site is an existing two-unit structure and parking lot for 20+ vehicles. The Regional Business District in Peabody was designed to provide space for large mixed commercial development that serves a regional market, which customers generally access by car so there is ample parking to serve the facility. Outdoor storage and use is allowed. Route 114 connects Routes 1 & 95 (west) to Route 128 (east) and is sometimes referred to as “The North Shore’s Auto Mile” because of the number of new and used car dealerships. The Subject Property is less than a mile from the North Shore Mall. Brochure on our website includes the actual address.
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