Address
4 Lake St, Peabody, MA
Price
$ 3,400,000
Property Attributes
- MLS#73214626
- TypeCommercial
- CountyESSEX
- CityPeabody
- Zip01960
- StyleCommercial
- Year Built1960
- Taxes$ 25283
- Price$ 3,400,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7360
- Lot Size1.85 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
The retail strip consists of 7 fully leased stores with a diverse mix of tenants, including a Greek Bakery, Tattoo Shop, Nail/Pedicure Salon, Driving School, Chinese Fast-Food Restaurant, Barbershop, and Physical Therapy Establishment.Convenient location on Lake Street, cornering Lowell Street, attracting customers from surrounding areas like West Peabody, Lynnfield, and Reading and more.Well-maintained property with ample parking and convenient access for deliveries.Fully leased properties ensure immediate income generation for investors, providing stability and cash flow.With the adjacent residential property also fully leased, investors benefit from diversified income streams.Given the prime location and zoning designation, there may be opportunities for future development or renovation to increase the value of the properties further.
| Price History | |
|---|---|
| 3/20/2024 | Listed $3,400,000 |
General Features
| Utilities | Public Water,Public Sewer |
|---|---|
| Zoning | BN |
| Year Built | 1960 |
| Tax Year | 2024 |
| Business Type | Commercial |
| County | Essex |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Lowell Street to Lake Street |
| City | Peabody |
| Disclosures | Owner would like to sell 4 Lake street with 12 Lake Street. MLS # is 73214637 An NDA attached to this listing must be signed before any financials are provided.However individual all would be prese |
| Senior Community Y/N | No |
| Zoning Description | Legal Non-Conforming |
| Lot Size Square Feet | 80586 |
| Waterfront Y/N | No |
| Street Name | Lake St |
| Tax Annual Amount | 25283 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Lease Type | Other (See Remarks) |
| Standard Status | Active |
Exterior Features
| Total Parking | 45 |
|---|---|
| Lot Size Area | 1.85 |
| Building Area Total | 7360 |
| Lot Size Acres | 1.85 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 01960
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information 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 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
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