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5 Central St, Peabody MA 01960

Peabody, MA 01960
$5,300
Est. $1,826/month
5,640
Sq Ft
$1
Price/Sq Ft
0.21
Acres
1900
Year Built
13 hours 48 minutes
Time on Market
Active Listed Apr 13, 2026 • MLS# 73500611 Copied!

About this home

5 Central Street is a 100+ seat restaurant 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 and current occupant The NexMex Thing. 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 basement space in the lower level with a walk-in already in place, dry storage, food preparation and service. Location is just two miles from the North Shore Shopping Center and on the major route between Route 128 N/S and downtown Historic Salem.

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Property Overview

Listing Type
Commercial Lease
Year Built
1900
Living Area
5,640 sq ft

Facts & Features

Home Facts

Type Commercial Lease
Year Built 1900
Living Area 5,640 sq ft
Lot Size 0.21 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Financial

Annual Tax $19,195

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

5 Central St, Peabody MA 01960

Peabody, MA 01960

Walkability

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Nearby Schools

School District
Peabody School District local
C
✓ School Safety 2024-25
2.1% Average
1.9% Suspensions 1.7% In-School 0.2% Emergency
↓ 3.4% below state avg
E

Elementary Schools

10 schools
Covenant Christian Academy
4.0 mi
Grades PK-12
The Recreational Education Center, LLC
4.0 mi
Grades PK-12
F
Peabody Personalized Remote Education Program (Peabody P.R.E.P.)
5.3 mi | #346 of 346 | Score: 14.3
Improved 32 spots from last year
-43.9 below state avg
97 students Diverse
Rising School
Grades K-12
C
Thomas Carroll School
0.6 mi | #611 of 824 | Score: 40.2
Improved 128 spots from last year
-18 below state avg
645 students Diverse
Rising School Diverse Student Body
Grades PK-05
C-
William A Welch Sr School
0.7 mi | #666 of 824 | Score: 37.6
Improved 124 spots from last year
-20.7 below state avg
408 students Diverse
Rising School
Grades K-05
C-
Center School
0.9 mi | #731 of 824 | Score: 33.7
Dropped 351 spots from last year
-24.6 below state avg
123 students Diverse
Diverse Student Body
Grades PK-05
A-
South Memorial School
1.4 mi | #235 of 824 | Score: 53.0
Improved 270 spots from last year
-5.2 below state avg
506 students Moderate
Rising School
Grades PK-05
B-
Captain Samuel Brown School
1.8 mi | #482 of 824 | Score: 45.3
Improved 39 spots from last year
-12.9 below state avg
369 students Diverse
Rising School
Grades K-05
C
John E. McCarthy School
3.9 mi | #612 of 824 | Score: 40.0
Dropped 34 spots from last year
-18.2 below state avg
385 students Diverse
Diverse Student Body
Grades K-05
B+
West Memorial School
4.6 mi | #284 of 824 | Score: 51.2
Improved 182 spots from last year
-7 below state avg
294 students Moderate
Rising School
Grades PK-05
M

Middle Schools

1 school
C+
J. Henry Higgins Middle School
0.7 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
H

High Schools

2 schools
Bishop Fenwick High School
1.0 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
C
Peabody Veterans Memorial High School
2.7 mi | #251 of 346 | Score: 45.9
Improved 8 spots from last year
-12.3 below state avg
1,333 students Diverse
19 sports • 1,614 athletes
Career Tech Programs Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,600
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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$0/mo
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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Apr 13, 2026
$5,300
Original listing
Agent: Colleen Cohan Office: The Mega Group

Price & Status History

Date Event Price Change
Apr 13, 2026 New Listing Added $5,300 —

Market Statistics

Time on Market
13 hours 48 minutes
Price per Sq Ft
$1

Tax History

Year Taxes Assessment
2025 $19,195 —

Financial Details

Annual Property Tax
$19,195
Tax Year 2025

Listing Information

Listing Agent Colleen Cohan
Listing Office The Mega Group
Agent MLS ID CN232914
Office MLS ID C99946
Listing Data Updated Apr 13, 2026 2:13 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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