Peabody, MA 01960,4 Lake St
Peabody, MA 01960,4 Lake St
Peabody, MA 01960,4 Lake St
8
$2,700,000
$3,400,000
20.6%
Est.Price: ?

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7,360 SqFt

4 Lake St Peabody, MA 01960

Est. payment /mo
SOLD DATE : 06/26/2024

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $2,700,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 7,360 sqft

Price per Sqft $366

MLS Listing ID 73214626

Year Built 1960

Annual Tax Amount $25,283

Tax Year 2024

Lot Size 1.850 Acres

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.

Location

State MA

County Essex

Zoning BN

Exterior

Utilities Available Public Water, Public Sewer

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Listed by Pasciuto and Associates
Bought with Frank Pasciuto • Pasciuto and Associates
agent

Eric Coury

Realtor - Team Manager

+1(508) 838-6956

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