45 Lafayette St
Salem, MA 01970
Derby Lofts Condos · Multifamily Property For Sale · 54 Units

Commercial condo investment opportunity in historic downtown Salem. Located on the first level of the Derby Lofts Building - with over 50 luxury lofts on the upper floors, these retail spaces sit on the busy tourist corridor of Derby Street among many restaurants, shops and museums. There are four occupied commercial spaces- tenants include A&J King Artisan Bakers, The Salem Cheese Shop, Radiance Salon & Spa and Edward Jones Investments - all on long term leases with potential for additional rent growth. Most tenants reimburse all taxes and condo fees. Full financials and lease data are available upon request and signature of NDA agreement. Brokers encouraged and protected at 2%. All principal inquiries are welcome. Please contact Jim Gagnon for more information.