100+ SEAT RESTAURANT w FULL LIQUOR LICENSE - Downtown Peabody MA

Retail-Commercial for Lease
Catylist Listing ID: 30675828
Property Subtypes: Tavern/Bar/Nightclub
Contiguous Space: 5,640 SF
Gross Building Area: See Agent
Lease Rate: $5,800 (Monthly)
$12.34 PSF (Annual)
Lease Types: NNN
In Opportunity Zone? Yes
Last Updated: 1/21/2021

Overview / Comments

5 Central Street is a 100+ seat restaurant with a full liquor license 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. 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 storage space available in the lower level with a walk-in already in place, great for dry storage, food preparation and service. Are you looking just two miles from the North Shore Shopping Center and be on the major route between Route 128 N/S and downtown Historic Salem? We are seeking a successful restauranteur that is looking to expand into Peabody, the “Gateway to the North Shore”.

Expand All Available Space

Suite: . 5,640 SF $5,800 (Monthly) NNN
Level/Floor: 1
Space Available: 5,640 SF
Lease Rate: $5,800 (Monthly)
$12.34 PSF (Annual)
Lease Type: NNN
Date Available: 1/1/2021
Space Type: Relet
Tax Expenses $1 PSF (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: M:0085 B:0022
Zoning: BC
Lot Frontage: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,815 134,158 301,558
Median Age: 39.6 41.24 40.55
Households: 12,184 56,957 119,856
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