aisellshomes.space

$2,290,000

Active

13 Central Street

Salem, MA, 01970

Commercial · MLS #73540070

Days on market

13 days

Lot size

0.09 ac

0.09 acres

Lot

About this home

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

13 Central Street, Salem, MA, 01970

Property details

Parking
Common

Listed by Stephen Velonis · Coldwell Banker Realty - Lynnfield

Schedule a showing

13 Central Street

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$14,739 / month

Down payment20% · $458,000
Interest rate6.43%

Loan term

Principal & interest
$11,495
Property tax
$2,290
Home insurance
$954

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).

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