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Historic Brick Double-High Space
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300 Derby St, Salem, MA 01970

Multi-level retail, restaurant, and office layout with double-high ceilings, historic brick-and-beam character, and patio space.

Space SizeContact for details
Property Size11,456 SF
Days on Market84

Property Features for 300 Derby St

General Information

Standard status Active
Size 11,456 SF
Property subtype Retail
Listing Agency: Atlantic Retail - Corporate
Listed By: Ben Ravelson
Source: Atlanticretail
Added: May 14 Changed: Jul 21 Last Checked: Aug 4 at 4:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Retail - Corporate

Investment Insights

Based on property information with market context.

This flexible multi-level space offers a distinctive historic brick-and-beam environment with double-high ceilings. The layout includes 4,704 SF on the first level, 4,416 SF on the second level, 2,336 SF of mezzanine space, and 1,532 SF of patio space.

Located on the North Shore in Salem, MA, the space is described as a unique retail/restaurant/office environment well-suited for users seeking an interior with notable architectural character.

The property’s combination of two primary interior levels, an additional mezzanine, and an attached patio provides multiple ways to arrange customer-facing and work areas within the existing building configuration.

Key Highlights

  • Total of 12,988 SF across four levels: 4,704 SF first level, 4,416 SF second level, 2,336 SF mezzanine, and 1,532 SF patio space
  • Multi‑level retail/restaurant/office environment with double‑high ceilings
  • Historic brick and beam construction features

Property Analytics

Current Use

Casa Tequila Mexican ... Restaurant

Suggested Use

Top Pick Locksmith Nursing Home Pet Grooming Service Butcher (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,710
Businesses Nearby

Demographics for 01970, MA

44,451
Population
20,920
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$85,189
Median Household Income
$52,024
Median Earnings
$1,800
Median Rent
$497,500
Median Home Value

Market

Lease Benchmarks for Salem, MA

$24.44 /SF/Yr
Avg Asking Price
$15–$33 /SF/Yr
Price Range
4,166 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Multi-level retail, restaurant, and office layout with double-high ceilings, historic brick-and-beam character, and patio space.
Where is this retail space located?
The property is located at 300 Derby St Salem, MA.
What are key features of this property?
This property features: Total of 12,988 SF across four levels: 4,704 SF first level, 4,416 SF second level, 2,336 SF mezzanine, and 1,532 SF patio space; Multi‑level retail/restaurant/office environment with double‑high ceilings; Historic brick and beam construction features
More about this property
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