4 Lake St Peabody, MA ^$ 3,400,000

4 Lake St

^$ 3,400,000

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4 Lake St

Peabody, MA, 01960

^$ 3,400,000

Studio Baths0.0 Sq 7,360

Monthly Estimate*

^$ 23,750

Studio

Commercial Property for sale in Peabody, MA

for $3,400,000. This 7,360 square foot building was built in 1960 on a lot size of 1.85.

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.

Commercial Active

Price

^$ 3,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 25,283

Style

Commercial

Lot Size

1.85

Year Built

1960

Town/City

Peabody

County/Region

Essex

MLS | Web ID

73214626

List By

Frank Pasciuto

Listing Agent

Pasciuto And Associates

Broker

Affordability Calculator

$25,857

Per Month

Monthly Principal & Interest: $23,750
Monthly Property Taxes: $2,107
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Commerical listings in Peabody, MA

Average List Price ^$1,329,766

Percent of Sale Price 61%

About Peabody, MA

54,399 Population

13% Since 2002

^$66,405 Median Income

45.92 Median Age

23% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
3/20/2024	$3,400,000		Listed Price

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4 Lake St, Peabody, MA, 01960 is a Commercial Property for sale at $3,400,000 with 7,360 sqft and a lot size of 1.85. 4 Lake St is a studio with 0.0 baths and was built in 1960. The property's zip code is 01960 which is in Peabody, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 4/29/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, 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, 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. MLS Property Information Network, Inc. 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.

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4 Lake St

Commercial Property for sale in Peabody, MA

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