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Second-Generation Restaurant Space
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For Lease
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282 Derby Street, Salem, MA 01970

Café/restaurant premises positioned near waterfront dining, retail, and visitor destinations.

Space Size1,875 SF
Property Size30,958 SF
Days on Market6

Property Features for 282 Derby Street

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
Space Use Restaurant

Building Details

Building Size 30,958 SF

Spaces For Lease

at 282 Derby Street Contact us

282 Derby St

Size
1,875 SF
Type
Street Retail
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Boston Realty Advisors
Listed By: Harrison Demeritt · License #RE-B9585754
Source: Bradvisors
Added: Sep 19 Changed: Sep 23 Last Checked: Sep 24 at 8:29AM

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 SF second-generation café/restaurant space is located at 282 Derby Street in Salem. The premises are positioned near Pickering Wharf and Salem’s waterfront, with an existing restaurant-oriented layout suitable for continued food-service use.

The property has access to the Salem MBTA Station and the 315-space South Harbor Garage. Nearby dining, retail, visitor destinations, and established and recently delivered residential development contribute to pedestrian activity around the site.

Key Highlights

  • 1,875 SF second‑generation café/restaurant space
  • Near Pickering Wharf and Salem’s waterfront
  • Access to Salem MBTA Station

Property Analytics

Current Use

Paprika Grill Restaurant Salem Witch Village Resort Pentagram Metaphysical Supply Store All Souls Lounge Bar & Pub Pentacle shoppe Department Store

Suggested Use

Top Pick Locksmith Pet Grooming Service Nursing Home 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
Under-served
Demand for This Use

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

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Café/restaurant premises positioned near waterfront dining, retail, and visitor destinations.
Where is this conventional restaurant located?
The property is located at 282 Derby Street Salem, MA.
What are key features of this property?
This property features: 1,875 SF second‑generation café/restaurant space; Near Pickering Wharf and Salem’s waterfront; Access to Salem MBTA Station
More about this property
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