Call me a cockeyed optimist (no one who knows me IRL would do that, btw) but things might be looking up downtown.
That veterinary clinic next to the fire station is pretty professional-looking, and seems to be doing a good business. Next door, the old law office is being rehabbed in a substantial and attractive way. Tuscan red? - why the heck not?
Up the street, the new sushi place, Maki Sushi, is getting quite the media buzz (no, I don't mean the Salem Evening News, which is owned by a conglomerate in flyover land that thinks that sushi = bait). I would never have believed that ol' Peabody could handle sushi, but there it is. The restaurant is simple and beautiful, the staff is super-attentive (NC stopped in for a meal a couple of days ago), and the food is innovative and could attract a much wider crowd than locals, in this writer's opinion.
NC likes a beer with his nigiri though - and wishes that Maki had a beer/wine license. How sad that every dive/fight bar has got one, and hip, up-and-coming restaurants have access to none.
Nevertheless, I strongly recommend Maki. Fresh, delicious, and so good-for-you. I have no connections to the restaurant people or the industry - so this is as unbiased as it gets. Go. Eat fish.