34
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$120,000
Est. payment /mo
Active
215 Newbury St Peabody, MA 01960
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73596561
Year Built 1986
Property Description
Turnkey day spa opportunity at Peabody's historic Hallmark Building. With nearly 40 years in business, the current owner is preparing to retire and pass Classic Faces Day Spa to a new operator. Open seven days a week, the business offers an established platform with room to expand its services. The approximately 1,872 SF space is located in a professionally managed building surrounded by established businesses, with more than 100 parking spaces and convenient access for clients and staff. The property also features two prominent monument signs along Route 1 and Lowell Street. The well-equipped layout includes multiple massage and treatment rooms with sinks, a dedicated tattoo room, a spray tan room, and a nail room with three manicure stations and three pedicure stations. Additional features include an in-unit bathroom and 3/4 shower, kitchenette, breakroom, supply room, an office, and in-unit stackable washer and dryer. The sale includes the established business name and reputation, current staff, a customer database developed over 40 years, strong Google reviews, and equipment, furnishings, and inventory reportedly valued at more than $200,000. Nearly $400,000 in annual sales with the current services offered, a new owner may have opportunities to add services like lash extensions, brow lamination, LED light therapy, nail enhancements, and Medical-aesthetic services, including Botox and dermal fillers, subject to applicable licensing, medical oversight, and approvals. An assumable lease may be available, subject to landlord approval. Current rent is approximately $4,492 per month, with utilities included. The tenant pays for phone, cable/internet, business insurance, and janitorial service. No NNN or CAM charges are passed through to the tenant. The location offers convenient access from Route 1 northbound and from Route 1 southbound via Lowell Street. Common areas include multiple entrances, ADA accessible, 5 common bathrooms, on-site dumpster, vending machines, plus an owner operated interior and exterior camera security system. Reported traffic counts are approximately 40,000+/- vehicles per day on Route 1 and 23,000+/- on Lowell Street. This is a rare opportunity to take over an established spa with a loyal following, recognizable name, and substantial assets already in place.
Location
State MA
County Essex
Zoning BR
Direction Hallmark Building, access from Rte 1 North or off of Lowell St. Do Not Show up unannounced.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, Three Phase, See Remarks
Others
Senior Community false
Listed by Lillian Montalto Signature Properties
NEARBY SCHOOL & BUSINESS
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