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$5,300
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Property Description
5 Central Street is a 100+ seat restaurant that will need very little to re-open its doors. The Rosenfelt Building is a prime downtown hotspot, directly across the street from the Peabody Municipal Courthouse and has four (4) municipal parking lots just steps from its front entrance. The location has had a history of successful endeavors, most notably Mike & Lill's Black Sheep Pub & Grille and current occupant The NexMex Thing. The floor space is 5,640 +/- square feet in size and features a full service kitchen, two (2) handicap accessible restrooms, a very attractive dining room and separate bar area. There is basement space in the lower level with a walk-in already in place, dry storage, food preparation and service. Location is just two miles from the North Shore Shopping Center and on the major route between Route 128 N/S and downtown Historic Salem.
Full Property Details
Full Property Details for 5 Central St
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General
- Sold For: $5,300
- Taxes: $19,195 (2025)
- Status: Closed
- Type: Commercial Lease
- MLS ID: 73500611
- Added to Site: 100 day(s) ago
Location
- County: Essex
Structural Information
- Square Feet: 5,640
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.21
Financial Considerations
- Tax Amount: $19,195.05
- Tax Year: 2025
Disclosures and Reports
- Disclosures/Rstr.: Food and interior images are historic examples of the past tenancies. This is a commercial lease assignment that will transfers all rights and obligations from the current tenant to a new tenant, with the assignee directly responsible to the landlord for the remainder of the 5 year term.
- Property ID: M:0085 B:0022, 2105793
Listed and Sold by The Mega Group, Colleen Cohan
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Schools
Schools serving 5 Central St
School District:Peabody School District
| Name | Grades | Distance |
|---|---|---|
Thomas Carroll Elementary School 60 Northend Street, Peabody, MA 01960 | K-5 | 0.6 mi |
J Henry Higgins Middle School 85 Perkins Street, Peabody, MA 01960 | 6-8 | 0.8 mi |
Peabody Veterans Memorial High School 485 Lowell Street, Peabody, MA 01960 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5 Central St
Date
Details
Price
Change
Source
7/02/2026
Sold
$5,300
—
MLS
4/13/2026
Listed
$5,300
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5 Central St, Peabody, MA 01960 (MLS# 73500611) is a Commercial Lease property that was sold at $5,300 on July 02, 2026. Want to learn more about 5 Central St? Do you have questions about finding other Commercial Lease real estate for sale in Peabody? You can browse all Peabody real estate or contact a Coldwell Banker agent to request more information.

