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Highlights

  • Downtown location.

All Available Space(1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 5,640 SF
  • Negotiable
  • $15.55 CAD/SF/YR $1.30 CAD/SF/MO $87,710 CAD/YR $7,309 CAD/MO
  • Retail
  • Full Build-Out
  • 30 Days

The Mega Group has available 5 Central Street which 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 a basement space in the lower level with a walk-in already in place, dry storage, food preparation and service. Food and interior images are historic examples of the past tenancies. This is a commercial lease assignment that will transfers all rights and obligations from the current tenant to a new tenant, with the assignee directly responsible to the landlord for the remainder of the 5 year term.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as a Restaurant or Café Space
Space Size Term Rental Rate Space Use Build-Out Available
1st Floor 5,640 SF Negotiable $15.55 CAD/SF/YR $1.30 CAD/SF/MO $87,710 CAD/YR $7,309 CAD/MO Retail Full Build-Out 30 Days

1st Floor

Size
5,640 SF
Term
Negotiable
Rental Rate
$15.55 CAD/SF/YR $1.30 CAD/SF/MO $87,710 CAD/YR $7,309 CAD/MO
Space Use
Retail
Build-Out
Full Build-Out
Available
30 Days

1st Floor

Size 5,640 SF
Term Negotiable
Rental Rate $15.55 CAD/SF/YR
Space Use Retail
Build-Out Full Build-Out
Available 30 Days

The Mega Group has available 5 Central Street which 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 a basement space in the lower level with a walk-in already in place, dry storage, food preparation and service. Food and interior images are historic examples of the past tenancies. This is a commercial lease assignment that will transfers all rights and obligations from the current tenant to a new tenant, with the assignee directly responsible to the landlord for the remainder of the 5 year term.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as a Restaurant or Café Space

Property Facts

Total Space Available 5,640 SF
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Size 18,600 SF
Year Built 1900

About the Property

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.

Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Eastern Bank
Salem Five
North Shore Bank
Bank of America
Stop & Shop Supermarkets
Citizens Bank
Storage Sense
Life Time
Caffè Nero
Starbucks
  • Listing ID: 21813345

  • Date on Market: 2026-04-13

  • Last Updated:

  • Address: 5-9 Central St, Peabody, MA 01960

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