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USD $1,260,000
156 Derby Street, Salem, MA, 01970, US
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Listing Courtesy of  Sagan Harborside Sotheby's International Realty
3 Ba
4,314 sq.ft
AM-5021615
MLS#: 73116629
Welcome to the historic area of Salem, where tradition meets modern convenience. Nestled within the vibrant streets is a remarkable mixed-use building, offering a restaurant on the first floor, while the second and third floors house two residential units with spacious living spaces, thoughtfully designed with modern finishes and a touch of historic charm. Your dream of restaurant ownership awaits you with a spacious dining area, adorned with stylish
decor and lots of natural light. With a seating capacity of approximately 90, this restaurant creates an ideal space for patrons to enjoy a casual time at the bar, dining in the main area or outdoor seating on the patio.The location is in an area where tourists can explore the rich history and vibrant energy of Salem, with its captivating landmarks and cultural attractions just moments away, but also is well attended by the locals in the area.
decor and lots of natural light. With a seating capacity of approximately 90, this restaurant creates an ideal space for patrons to enjoy a casual time at the bar, dining in the main area or outdoor seating on the patio.The location is in an area where tourists can explore the rich history and vibrant energy of Salem, with its captivating landmarks and cultural attractions just moments away, but also is well attended by the locals in the area.
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Listing Highlights

  • Price Per Sq Ft

    $382.48

  • Year Built

    1900

  • Living Area (Sq Ft)

    4,314 sq.ft

  • Tax Annual Amount

    $14,646.95

  • Lot Size (Acres)

    0.08

  • County

    Essex

Property Details

  • Interior Features

      Bathrooms

    • Total Bathrooms: 3
  • Utilities
    Utilities
    Natural Gas Available
    Water Source
    Public
    Sewer
    Public Sewer
  • Construction
    Property Type
    Commercial Sale
    Year Built
    1900
    Building Area Total
    4314

Location

  • MA
  • Salem
  • 01970
  • Essex
  • 156 Derby Street

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This payment calculator provided by Engel & Völkers and is intended for educational and planning purposes only. * Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Updated: May 20, 2025 12:20 AM