978-697-7855
13 Central St, Salem, MA for Sale
Apartments - FOR SALE
1/8
null | Request 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

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. Real Estate only is for sale.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

3

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1868

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

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Stephen VelonisColdwell Banker Commercial RealtyMore Info
978-697-7855

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