Second-Generation Restaurant
New
For Lease
Contact for pricing
278 Derby St, Salem, MA 01970
Existing café and restaurant improvements are positioned near downtown dining, retail, and visitor destinations.
Space Size1,875 SF
Days on Market7
Property Features for 278 Derby St
General Information
Standard status
Active
Size
1,875 SF
Net Rentable
1,875 SF
Property subtype
RETAIL
Space & Availability
Available Space
1,875 SF
Contiguous Space
1,875 SF
Spaces For Lease
at 278 Derby St
278 Derby St
AVAILABLE, Now
Floor
1
Size
1,875 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- 1,875 SF of second-generation café/restaurant space near Pickering Wharf and Salem’s waterfront, with convenient access to Salem MBTA Station and the 315-space South Harbor Garage. The property is surrounded by established and recently delivered residential density and benefits from strong pedestrian activity from nearby dining, retail, and visitor destinations.
- 282 Derby Street is located in downtown Salem’s Derby Street Historic District, steps from Pickering Wharf, the Salem Maritime National Historic Site, Derby Wharf, and a short walk to the Peabody Essex Museum and Essex Street. The property is also near Salem Station and surrounded by a growing downtown residential population.
Contact us
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
Harrison G. Demeritt · License #RE-B9585754
(617) 223-1486
Source:
Moodyscre
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 10:17PM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This 1,875-square-foot space is configured for café or restaurant use and has a second-generation layout. It is in downtown Salem’s Derby Street Historic District, near Pickering Wharf and the waterfront.
Salem MBTA Station and the South Harbor Garage, which has 315 spaces, are nearby. The property is also close to the Salem Maritime National Historic Site, Derby Wharf, the Peabody Essex Museum, and Essex Street. Nearby dining, retail, and visitor destinations contribute to pedestrian activity.
Salem MBTA Station and the South Harbor Garage, which has 315 spaces, are nearby. The property is also close to the Salem Maritime National Historic Site, Derby Wharf, the Peabody Essex Museum, and Essex Street. Nearby dining, retail, and visitor destinations contribute to pedestrian activity.
Key Highlights
- 1,875 SF of second‑generation café or restaurant space
- Located in downtown Salem’s Derby Street Historic District
- Near Pickering Wharf, Derby Wharf, and Salem’s waterfront
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,710
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Salem, MA
$28.5 /SF/Yr
Avg Asking Price
$26–$33 /SF/Yr
Price Range
4,243 SF
Avg Space Size
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing café and restaurant improvements are positioned near downtown dining, retail, and visitor destinations.
Where is this conventional restaurant located?
The property is located at 278 Derby St Salem, MA.
What are key features of this property?
This property features: 1,875 SF of second‑generation café or restaurant space; Located in downtown Salem’s Derby Street Historic District; Near Pickering Wharf, Derby Wharf, and Salem’s waterfront
