13 Central St - Retail FOR SALE


Salem, MA 01970- Downtown Salem
$1,899,000 USD
978-697-7855
13 Central St, Salem, MA for Sale
$1,899,000 USD
Retail - FOR SALE
1/8
null | 7% Cap Rate

13 Central St
Salem, MA 01970
Downtown Salem


HIGHLIGHTS

  • Mix-use commercial building in the heart of downtown Salem MA.
  • Well-established restaurant on the 1st floor & 2 residential apartments on the 2nd & 3rd floors.
  • Ideally situated in a highly visible, walkable location.
  • Diversified income stream with a strong & consistent rental history.

OVERVIEW

PRICE ADJUSTMENT! Rare chance to acquire a prominent 6,442 SF mixed-use commercial building in the heart of downtown Salem. This three-story property includes a well-established first-floor restaurant and residential apartments on the second and third floors, providing diversified income and a strong, consistent rental history. Set on a historically significant site tied to Salem’s colonial and Revolutionary-era past, the property is marked by a plaque commemorating The London Coffee House, a notable gathering place dating to 1698. Its highly visible, walkable downtown location offers easy access to Salem’s shops, restaurants, cultural attractions, and year-round tourism. With long-term tenants, stable occupancy, and value-add potential, this building represents an attractive investment opportunity. Only the Real Estate is for sale.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

7%

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1868

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

B5

APN/PARCEL ID

SALE-000035-000000-000235

ASK ABOUT THIS PROPERTY

Stephen VelonisColdwell Banker Commercial RealtyMore Info
978-697-7855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Stephen VelonisColdwell Banker Commercial RealtyMore Info
978-697-7855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.