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320 Derby StreetSalem, MA 01970Price: $1,275,000

  • Price: $1,275,000
  • 56 Days on Market
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Federal 30-year interest rate: 6.79% last updated on Jun 1, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • $1,275,000List Price
  • 3,918Square Feet
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Listed by David Hark and Mark Shapiro of The Drumlin Group Inc.
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.

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