$3,400,000
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $22,140
- Utilities
- $658
- Transportation
- $123
- Other (entertainment)
- $158
Quick facts
Neighborhood — 01960
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 48,926 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | 4.00% | 7.00% | 20.00% |
| Population Density | 2,902 | 786 | — |
| Male | 23,683 | 3,127,134 | 147,432,321 |
| Female | 25,243 | 3,317,797 | 151,655,844 |
| Never Married | 10,056 | 1,612,885 | 63,775,926 |
| Married | 22,386 | 2,586,314 | 123,120,365 |
| Separated | 1,255 | 247,857 | 12,639,686 |
| Widowed | 3,273 | 363,594 | 15,467,586 |
| Divorced | 3,366 | 436,888 | 23,075,029 |
| Number Of House Hold | 18,959 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.55 | 2.56 | 2.60 |
| Medial Age | 40.62 | 37.25 | 35.46 |
| Median House Hold Income | $61,346 | $57,698 | $48,276 |
| Average House Hold Income | $68,169 | $75,023 | $63,629 |
| P C I | $27,357 | $29,196 | $24,529 |
| M D I | $50,765 | $48,105 | $41,133 |
| A T H E | $53,942 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 79.00% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 3/20/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.