Active
4 Lake St
Peabody MA, 01960
$3,400,000
$461.96 per sqft
Active
7,360 sqft
Commercial
Built in 1960
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.
73214626
MLSⓇ ID
March 20, 2024
Listed
March 28, 2024
Updated
Map
4 Lake St
Peabody MA, 01960
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.85 Acres
Other Property Details
Taxes
$25,283
Tax Frequency
Annually
Garage
No
Parking Total
45
View
No
County
Essex
Pool
No
Zoning
BN
Buyer Agency Compensation
1%
Courtesy of Frank Pasciuto, Pasciuto and Associates
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Data last updated 3:55 AM UTC, 3/28/2024
