Building Details

Year Built 2000

Listing Agency: Boston Realty Advisors Show Phone

Listed By: Whitney Gallivan Show Phone

Source: Lockandkeyre

Added: Sep 22 Changed: Sep 24 Last Checked: Sep 24 at 2:08PM

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Investment Insights

Based on property information with market context.

This 1,875-square-foot restaurant property was built in 2000 and is configured for a café or restaurant use. Its second-generation status offers a setting previously used for food service, without details on specific equipment or interior features.

The property is in Salem’s Derby Street Historic District, next to The House of the Seven Gables and Pickering Wharf. Salem Depot, served by the MBTA, is a short distance away.

Key Highlights

• 1,875‑square‑foot restaurant property
• Built in 2000
• In Salem’s Derby Street Historic District

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.

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

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

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The second-generation café and restaurant property is located in Salem’s Derby Street Historic District.

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‑square‑foot restaurant property; Built in 2000; In Salem’s Derby Street Historic District