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320 Derby St, Salem MA 01970

Commercial Sale

Two well located retail or office condos which are owned by the original Derby Lofts developer. One tenant is original since 2006 and the other tenant is on second five year lease. Two leased properties expiring in 2025 and 2028 with extension options for tenants at market rent. Both condos in very good condition. Tenants pay triple net rents. This is a very good long term investment in one of Salem's best locations. Public parking available on Lafayette and Derby Streets in city owned lots and garage. Located opposite a proposed development at Derby and Lafayette Streets for North Shore Community Health. PLEASE DO NOT DISTURB TENANTS NOR DISCUSS THIS LISTING WITH THEM. Financial data available after prospect signs a Non-Disclosure Agreement. Second condo address is 48 Central Street.

This home has been viewed 39 times

Last Checked: May 7th, 2024 at 3:27am (Source: MLS PIN #73098476)

General Information for 320 Derby St, Salem MA 01970

Listing ID73098476

Property TypeCommercial Sale / Commercial Condo

Price$1,275,000

Style

CitySalem

CountyEssex

Neighborhood(s)Ipswich

ZoningB5

Year Built2004

Disclosures for 320 Derby St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Special Listing Conditions

ExclusionsAll Personal Property.

Buyer Agent Compensation2%

Facilitator Compensation2%

Compensation Based On

Contact Information for 320 Derby St, Salem MA 01970

Agent

Name: David Hark

Office

Name: The Drumlin Group Inc.

Phone: 978-741-3696

Exclusive Listing Agent

The Drumlin Group Inc.

David Hark

Agent Phone

Office Phone

(978) 741-3696

Text Agent Call Agent Call Office

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EXIT

1 More Photo