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$9,000,000 -$1,000,000 (-10%) Price Reduced

  • For Sale
  • Active
  • Commercial
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Great property right off Route 1 in Peabody for sale! Owner operator has small office and nicely done two bed 2 bath 3500SF home included in the property sale. Solid existing tenants with long term leases going into 2033 with option years. New owner can enjoy great rental income from the Mini-Storage business with existing below market price and get financial boost from moving the 176 units' rent to market pricing. Also has great development potential for any developers seeking to expand onto residential ground-up development. There's also a Class II Auto Dealer license for additional consideration if buyer is interested, very limited amount in the City of Peabody.

Full Property Details for 3 Bourbon St

General

  • Price: $9,000,000
  • Taxes: $66,570 (2025)
  • Status: Active
  • Type: Commercial
  • MLS ID: 73575777
  • Updated: 9/29/2026
  • Added to Site: 21 day(s) ago

Location

  • County: Essex

Structural Information

  • Year Built: 1972

Lot Features

  • Lot Size (Acres): 2.39

Financial Considerations

  • Tax Amount: $66,570
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Gross rent numbers includes mini-storage rents but does not include estimated home/office rent which is not currently paying since it's the owner's own office and home.
  • Property ID: M:0036 B:0021, 23726322

Listed by NextGen Realty, Inc., Jenna DeRose and Yuan Huang

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Listing agents

— 3 Bourbon St —

  • Jenna DeRose

    NextGen Realty, Inc.

  • Yuan Huang

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3 Bourbon St

School District:Peabody School District
NameGradesDistance
John McCarthy Elementary School
76 Lake Street, Peabody, MA 01960
PK-51.2 mi
J Henry Higgins Middle School
85 Perkins Street, Peabody, MA 01960
6-82.4 mi
Peabody Veterans Memorial High School
485 Lowell Street, Peabody, MA 01960
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3 Bourbon St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/29/2026
Price Reduced
$9,000,000
-10%
MLS
9/10/2026
Listed
$10,000,000
999999900%
MLS
12/05/2007
Sold
$1
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3 Bourbon St

Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
$3,500,000
1%
2024
100%
$3,461,300
27%
2023
100%
$2,722,200
6%
2022
100%
$2,573,900
1%
2022
100%
$2,549,500
—
2020
100%
$2,543,500
2%
2019
100%
$2,501,900
3%
2018
100%
$2,433,500
—
2017
100%
$2,430,300
—
2016
-100%
$2,427,200
18%
2015
$49,803
10%
$2,049,500
11%
2014
$45,134
—
$1,845,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 3 Bourbon St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by NextGen Realty, Inc., Jenna DeRose and Yuan Huang

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3 Bourbon St, Peabody, MA 01960 (MLS# 73575777) is a Commercial property. 3 Bourbon St is currently listed for $9,000,000 and was received on September 10, 2026. Want to learn more about 3 Bourbon St? Do you have questions about finding other Commercial real estate for sale in Peabody? You can browse all Peabody real estate or contact a Coldwell Banker agent to request more information.

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