156 Derby Street, Salem, MA 01970 - Photo 1

1/1

$1,260,000

Sold
Closed
Commercial

1/1

Property Description

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.

Full Property Details

Full Property Details for 156 Derby St

General

Sold For: $1,260,000
Taxes: $14,646 (2023)
Status: Closed
Type: Commercial
MLS ID: 73116629
Added to Site: 1, 002 day(s) ago

Location

County: Essex

Structural Information

Square Feet: 4,314
Year Built: 1900

Lot Features

Lot Size (Acres): 0.08

Financial Considerations

Tax Amount: $14,646.95
Tax Year: 2023

Disclosures and Reports

Disclosures/Rstr.: All parties will need to sign an NDA prior to a showing

Listed by Sagan Harborside Sotheby's International Realty, Julie Sagan and Erica Petersiel
Sold by Shea Real Estate, Michael Shea

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Listing agents

— 156 Derby St —

Julie Sagan

Sagan Harborside Sotheby's International Realty
Erica Petersiel

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Schools

Schools serving 156 Derby St

School District:Salem School District, Salem, MA

Name	Grades	Distance
Saltonstall School 211 Lafayette Street, Salem, MA 01970	K-8	0.6 mi
Carlton Elementary School 10 Skerry Street, Salem, MA 01970	K-5	0.7 mi
Bates Elementary School, Salem, MA 53 Liberty Hill Avenue, Salem, MA 01970	K-5	1.3 mi
Collins Middle School 29 Highland Avenue, Salem, MA 01970	6-8	1.1 mi
Salem High School, Salem, MA 77 Willson Street, Salem, MA 01970	9-12	1.7 mi
Horace Mann Laboratory 79 Willson Street, Salem, MA 01970	K-5	1.6 mi
Witchcraft Heights Elementary School 1 Frederick Street, Salem, MA 01970	K-5	1.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 156 Derby St

Date

Details

Price

Change

Source

9/23/2024

Sold

$1,260,000

-23.64%

MLS

5/26/2023

Listed

$1,650,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Baths
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Open House

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Condo
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1
Bed
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Total Bath
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Sq. Ft.

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5
Beds
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Total Baths
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Sq. Ft.

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Condo
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Updated 1 day ago

2
Beds
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Total Baths
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Multi-Family
Closed

4
Units
7
Total Beds
0.13
Acres

Sold

$1,300,000

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Condo
Closed

2
Beds
2
Total Baths
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Sq. Ft.

Sold

$1,200,000

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Condo
Closed

2
Beds
2
Total Baths
1,467
Sq. Ft.

Sold

$1,100,000

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Condo
Closed

2
Beds
2
Total Baths
1,467
Sq. Ft.

156 Derby Street, Salem, MA 01970 (MLS# 73116629) is a Commercial property that was sold at $1,260,000 on September 23, 2024. Want to learn more about 156 Derby Street? Do you have questions about finding other Commercial real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

156 Derby St Salem, MA 01970