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$2,290,000
Est. payment /mo
6,442 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,442 sqft
Price per Sqft $355
MLS Listing ID 73540070
HOA Y/N false
Year Built 1868
Annual Tax Amount $19,464
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Rare opportunity to own a prominent mixed-use commercial building totaling 6,442SF in the heart of downtown Salem. This three-story property features a well-established restaurant on the 1st flr & residential apartments on the 2nd & 3rd flrs, creating a diversified income stream with a strong & consistent rental history. Steeped in history, the property occupies a historically significant location connected to Salem's colonial & revolutionary-era past. The site is commemorated by a historical marker recognizing The London Coffee House, a notable colonial gathering place dating back to 1698 that served as an important meeting and social hub during the city's early development. Ideally situated in a highly visible, walkable downtown location, the property benefits from excellent access to Salem's shops, restaurants, cultural attractions & year-round tourism. The building is supported by long-term tenants & stable occupancy, making it an attractive investment opportunity.
Location
State MA
County Essex
Zoning B5
Direction Off Lafayette, Charter or Front Street.
Exterior
Utilities Available Public Water, Private Sewer, Natural Gas Available
Others
Senior Community false
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Listed by Coldwell Banker Realty - Lynnfield
NEARBY SCHOOL & BUSINESS
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