203 Newbury StreetPeabody, MA 01960MLS Number 72597842

  • Price: $3
  • 55 Days on Market
$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.83Acreage
  • 1925Year Built
  • 5,400Square Feet
  • 50Parking Spaces

Driving Directions

Prime Real Estate Land for lease with 5,400 sf of existing restaurant on 36,028 sf of land. 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 tenant'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. Current owner of restaurant looking to retire but will remain owner of the property. Tenant will have first right to buy land + billboard. Call list agent for further details.

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Windhill Realty
Windhill Realty
Office: 978.356.8922
16 Market Street
Ipswich, MA 01938

More Info


  • Parking Spaces50
  • Parking FeatureOpen,21+ Spaces, Paved Driveway, On Site


  • Year Built1925
  • ConstructionFrame
  • Total Units1
  • Total Bldg Sf5400
  • Reu Units1
  • No Buildings1
  • No Stories1
  • Entry OnlyNo
  • Assessed Value Bldg302700

Basic Information

  • StatusACT
  • MLS Number72597842
  • Prop TypeCI
  • Status Date2019-12-04T10:55:00
  • Date Listed12/04/2019
  • List Price$3
  • LeaseYes
  • Lease Price IncludesBuilding, Business, Land, Other (See Remarks)
  • Lease TypeGround Lease, Triple Net Lease (NNN), Other (See Remarks)
  • DirectionRoute 1 North, just passed i95 North ramp. GPS 203 Newbury St. Peabody, MA.


  • UtilitiesPublic Water, Public Sewer, Bottled Gas


  • Photo Date2019-12-04T10:55:00
  • Number of Photos22


  • StreetNewbury Street
  • TownPeabody
  • StateMA
  • Zip01960
  • CountyEssex
  • LocationFree Standing, Interstate, Highway Access, Public Transportation, Central Business District


  • Acreage0.83
  • Space AvailableFor Lease
  • Square Feet5,400
  • SubletNo
  • Lot Size36028
  • Condo AssociationNo
  • Assessed Value Land568000
  • Main LoG62122


  • Modification Date2019-12-08T03:05:00
  • Property TypeLand
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureYes
  • DisclosuresTaxes 20,992.58 per year, Insurance 4,000 per year. Lobster Market License transferable with new owner. Lease price $10,000/month +NNN. Beer & Wine Only. Traffic Count, Demographics, & Ring Study available upon request. New leasee will have 1st right of r
  • Book9549
  • Listing AgreementExclusive Right to Sell
  • Block0033-A
  • Ref Bldg Sf5400
  • ExclusionsBillboard rights not included in transaction. Business sale/land lease only.
  • ExchangeNo
  • Firm Rmk1Showings are accompanied, prior to business hours of operation and require 24 hours notice.
  • Page164
  • View Count1

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Peabody, MA Schools

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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