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$2,700,000
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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. This property could be sold with MLS # 732114637 which is priced at $799,900.
Full Property Details
Full Property Details for 4 Lake St
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General
- Sold For: $2,700,000
- Taxes: $25,283 (2024)
- Status: Closed
- Type: Commercial
- MLS ID: 73214626
- Added to Site: 670 day(s) ago
Location
- County: Essex
Structural Information
- Square Feet: 7,360
- Year Built: 1960
Lot Features
- Lot Size (Acres): 1.85
Financial Considerations
- Tax Amount: $25,283
- Tax Year: 2024
Disclosures and Reports
- Disclosures/Rstr.: 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 presented.
- Property ID: M:0024 B:0084, 2098246
Listed and Sold by Pasciuto and Associates, Frank Pasciuto
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Schools
Schools serving 4 Lake St
School District:Peabody School District
| Name | Grades | Distance |
|---|---|---|
Peabody Veterans Memorial High School 485 Lowell Street, Peabody, MA 01960 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4 Lake St
Date
Details
Price
Change
Source
6/26/2024
Sold
$2,700,000
-20.59%
MLS
3/20/2024
Listed
$3,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4 Lake St, Peabody, MA 01960 (MLS# 73214626) is a Commercial property that was sold at $2,700,000 on June 26, 2024. Want to learn more about 4 Lake St? Do you have questions about finding other Commercial real estate for sale in Peabody? You can browse all Peabody real estate or contact a Coldwell Banker agent to request more information.

