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You are here:
43 Days on Boston Pads
8 Photos
$3,400,000
Type: Commercial
Other (See Remarks)
7360 Bldg. SQFT
Restrooms: N/A
Parking: N/A
4 Lake St
Peabody, MA 01960

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.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Commercial
  • Location: Legal Non-Conforming
  • MLS ID#: 73214626

Building Information

  • Total SQFT: 7360

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
03/24/2024Active$3,400,000$462MLSPIN
03/20/2024New$3,400,000$462MLSPIN
01/12/2024Sold$72,000MLSPIN
01/08/2024Under Agreement$149,900MLSPIN
12/08/2023Active$149,900MLSPIN
12/04/2023Canceled$1MLSPIN
12/04/2023New$149,900MLSPIN
12/04/2023Active$1MLSPIN
11/30/2023Back on Market$1MLSPIN
10/20/2023Temporarily Withdrawn$1MLSPIN
09/17/2023Active$1MLSPIN
09/13/2023New$1MLSPIN

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View Breakdown

Seller's Representative: Frank Pasciuto, Pasciuto and Associates
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1
Facilitator Compensation: 1
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-03-27 21:12:00