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$ 1,899,000
Est. payment | /mo
6,442 SqFt
$ 1,899,000
Est. payment | /mo
6,442 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,442 sqft
Price per Sqft $294
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
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 features 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.
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
Listed by Coldwell Banker Realty - Lynnfield
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