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Federal 30-year interest rate: 6.66% last updated on 2026-08-27

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Sold
4 Lake Street Peabody MA 019604 Lake Street Peabody MA 019604 Lake Street Peabody MA 019604 Lake Street Peabody MA 019604 Lake Street Peabody MA 019604 Lake Street Peabody MA 019604 Lake Street Peabody MA 019604 Lake Street Peabody MA 01960
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  • 7,360Square Feet
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. This property could be sold with MLS # 732114637 which is priced at $799,900.
Listed by Frank Pasciuto of Pasciuto and Associates

Listing Sold by Pasciuto and Associates

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I agree to receive marketing and customer service calls and text messages from Levi Test Cloner2. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

More Info

Basic Information

  • Contingency Third-Party Approval
  • Mls StatusSold
  • Parcel Number M:0024 B:0084,2098246

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer
  • Year Built1960

Property

  • Acreage1.85

Other

  • Buyer Agency Compensation0.5
  • Date Listed03/20/2024
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation0.5

Tax Information

  • Tax Year 2024
  • Taxes$25,283

Location

  • Address4 Lake Street
  • Building Number4
  • CountyEssex
  • StateMA
  • StreetLake Street
  • TownPeabody
  • Zip01960

Parking

  • Parking Spaces45

Basic Information

  • GO-List Price$3,400,000
  • MLS Number73214626
  • Modification Date06/27/2024
  • Purchase Contract Date05/20/2024
  • Sale Date06/26/2024
  • Sale Price$2,700,000

Property Information

  • Living Area 7,360
  • Lot Size Square Feet 80,586
  • Lot Size Units Acres
  • Square Feet7,360

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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.

I agree to receive marketing and customer service calls and text messages from Levi Test Cloner2. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

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