J. Barrett & Company
Joel Margolis, J. Barrett & CompanyPhone: (978) 835-1543
Email: [email protected]
Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4
listing
1 of 4
CommercialSold
List Price $1,275,000
Sold Price $290,000
320 Derby St
Salem, MA 01970
Courtesy of The Drumlin Group Inc. - David Hark
MLS Property Information Network
Est. Mortgage
$6,681/mo

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.

Get in touch
Information courtesy of The Drumlin Group Inc. is subject to verification and is not guaranteed.
Community / School Information