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.

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
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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$7,353.02

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.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS Property Information Network (MLS PIN)

Updated: May 3, 2025 1:50 AM

Listing Highlights

Price Per Sq Ft

Year Built

Living Area (Sq Ft)

Tax Annual Amount

Lot Size (Acres)

County

Property Details

Bathrooms

Location

Payment Calculator

$7,353.02