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BIlly Pozo

bpozo@theomteam.com +1(978) 360-3069

$ 120,000

Est. payment | -/mo

Save

$ 120,000

Est. payment | -/mo

Save

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 SCHOOLS & PROPERTIES

+1(978) 360-3069

bpozo@theomteam.com

190 State St, Newburyport, MA

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215 Newbury St Peabody, MA 01960