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Expired

48 Central St, Salem MA 01970

Commercial Sale

Retail condo unit with long term lease to a well known bakery/cafe tenant that has occupied this space since 2006. Rent increases yearly and tenant pays all costs of operating the property (triple net). The space is built out as a bakery and restaurant and if necessary, could be converted to another type of food oriented use. Lease terms will be provided after signing of a Confidentiality Agreement. This building is located on the corner of Derby Street, Lafayette Street and Central Street and is in close proximity to Salem's major attractions. Public parking is available on the street or in nearby lots and garages. The bakery and it's equipment are not included in this sale. The bakery is a tenant in the space.

This home has been viewed 35 times

Last Checked: May 7th, 2024 at 3:57am (Source: MLS PIN #73128511)

General Information for 48 Central St, Salem MA 01970

Listing ID73128511

Property TypeCommercial Sale / Commercial Condo

Price$985,000

Style

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Garage Parking

ZoningB5

AssociationNo

Year Built2004

Year Built Source

Year Renovated

Year Built Details

Handicap Access / FeaturesNo

Energy Features

Disclosures for 48 Central St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Senior CommunityNo

Special Listing Conditions

For Sale By OwnerNo

Exclusions

Disclosures

Title 5

Buyer Agent Compensation2.5%%

Facilitator Compensation2.5%%

Sub-Agent Compensation

Compensation Based On

Contact Information for 48 Central St, Salem MA 01970

Agent

Name: David Hark

Office

Name: The Drumlin Group Inc.

Phone: 978-741-3696

Team Members

Name: Mark Shapiro

Phone: 617-921-3020

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