208 Derby Street, Salem MA 01970

Salem, MA 01970 • Downtown

$2,275

Est. $652/month

0.06

Acres

1900

Year Built

10 hours 20 minutes

Time on Market

Active Listed Mar 26, 2026 • MLS# 73492614 Copied!

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About this home

Rare opportunity to lease retail space in Downtown Salem on Derby street. Located directly across the street from Pickering Wharf and steps to Salem Commons, Hawthorne Hotel, and hundreds of shops of restaurants. Rent is NNN. current rate is $585/month.

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Property Overview

Listing Type

Commercial Lease

Year Built

1900

Facts & Features

Home Facts

Type Commercial Lease

Year Built 1900

Lot Size 0.06 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric None

Water None

Sewer None

Gas None

Other Public Water

Financial

Annual Tax $5,285

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1900

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source:

Sewer:

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

Downtown

208 Derby Street, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District

Salem School District local

B-

⚠ School Safety 2024-25

3.6% Above Average

2.3% Suspensions 0.8% In-School 1.3% Emergency

↓ 1.9% below state avg

E

Elementary Schools

9 schools

The Phoenix School

1.1 mi

Grades PK-08

The Greenhouse School

1.6 mi

Grades PK-08

B-

Saltonstall School

0.5 mi | #460 of 824 | Score: 45.8

Improved 108 spots from last year

-12.4 below state avg

412 students Diverse

Rising School

Grades K-05

C+

Bentley Academy Innovation School

0.7 mi | #568 of 824 | Score: 42.3

Improved 143 spots from last year

-16 below state avg

286 students Moderate

Rising School

Grades PK-05

Salem Early Childhood School

0.7 mi

106 students Diverse

Diverse Student Body

Grades PK

B-

Carlton School

0.8 mi | #468 of 824 | Score: 45.6

Dropped 47 spots from last year

-12.6 below state avg

247 students Diverse

Grades K-05

B+

Bates School

1.3 mi | #325 of 824 | Score: 50.0

Improved 254 spots from last year

-8.2 below state avg

410 students Diverse

Rising School Diverse Student Body

Grades PK-05

C-

Horace Mann Laboratory School

1.4 mi | #671 of 824 | Score: 37.4

Improved 50 spots from last year

-20.8 below state avg

293 students Diverse

Rising School Diverse Student Body

Grades PK-05

B

Witchcraft Heights School

1.6 mi | #388 of 824 | Score: 48.1

Improved 162 spots from last year

-10.1 below state avg

455 students Diverse

Rising School Diverse Student Body

Grades K-05

M

Middle Schools

1 school

C+

Collins Middle School

1.0 mi | #219 of 352 | Score: 39.5

Improved 60 spots from last year

-18.7 below state avg

611 students Diverse

Rising School Diverse Student Body

Grades 06-08

H

High Schools

2 schools

B+

Salem Academy Charter School

0.3 mi | #139 of 346 | Score: 56.7

Improved 97 spots from last year

-1.5 below state avg

480 students Diverse

10 sports • 568 athletes

High Graduation Rate Rising School College Ready Curriculum

Grades 06-12

B

Salem High School

1.5 mi | #144 of 346 | Score: 56.1

Dropped 24 spots from last year

-2.1 below state avg

952 students Diverse

18 sports • 1,080 athletes

Early College Program Career Tech Programs College Ready Curriculum Strong Athletics

Grades 09-12

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $440

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠

Listed for Sale

Mar 26, 2026

$2,275

Original listing

Office: Lokos Realty & Management

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
03/26/2026	🏠 Listed for Sale	$2,275	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Mar 26, 2026	New Listing Added	$2,275	—

Market Statistics

Time on Market

10 hours 20 minutes

Price per Sq Ft

$—

Tax History

Year	Taxes	Assessment
2026	$5,285	—

Financial Details

Annual Property Tax

$5,285

Tax Year 2026

Listing Information

Listing Agent Julius Sokol

Listing Office Lokos Realty & Management

Agent MLS ID NB114069

Office MLS ID NB4834

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.