Fixer Upper - Eco Friendly - Lease to Own
203 Newbury St Peabody, MA
$ 360,000
Property Attributes
  • MLS#72632033
  • TypeCommercial
  • CountyESSEX
  • CityPeabody
  • Zip01960
  • StyleLand
  • Year Built1925
  • Taxes20097
  • Price$ 360,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5400
  • Lot Size0.83 Acres
Listing Provided Courtesy Of:
Team Lillian Montalto with Lillian Montalto Signature Properties.
Property Description

Prime Route 1 North Real Estate FOR SALE (LEASE TO OWN) with 5,400 sf of existing restaurant on 36,028 sf of land. Due to the sellers personal situation, the property will be leased for three years with 50% of the base lease amount going directly to the sale of the property. This property has been the home of the well-known Sea Witch Restaurant and Fish Market, located conveniently on busy Route 1 In Peabody. Excellent visibility from north and southbound sides of Route 1 and abuts highly traveled Interstate 95. The owner is open to buyer’s business use. Tenant may continue use as existing, highly profitable Seafood Restaurant and Fish Market or will allow building to be demised for a new use. Owner will offer assistance with new owner to make transition seamless of restaurant and fish market accounts. Major retailers and national food chains welcome. Zoned for Full liquor license available to new business per City of Peabody on a first come basis. Call list agent for further details.

Price History
3/11/2020 Listed $360,000


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 01960

AVG $510K
AVG $22,192
AVG 30
Year Built
AVG 1966
AVG 63
Data Provided by Walkscore ® not using MLS data

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