Stand-Alone Restaurant
101 Loring Avenue Salem, MA 01970
For Sale
$525,000
Stand-alone restaurant building with rear parking and basement storage, minutes from Salem area activity.
Days on Market53
Property Features for 101 Loring Avenue
General Information
- Standard status
- Active
Building Details
- Year Built
- 2003
Listing Agency:
Metro North Realty, LLC
Listed By:
Herman Davis
Source:
413realestate
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 26 at 3:37AM
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 Metro North Realty, LLC
Investment Insights
Based on property information with market context.
This stand-alone commercial building is currently operating as a pizza/sub shop and is being offered for sale. The property includes rear parking with capacity for up to six or more cars. Additional space is available in the basement, which features storage along with another bathroom.
The building is located on a high-traffic street and is described as being just minutes from Salem State University, Downtown Salem, and other surrounding businesses, supporting a steady flow of local activity.
For buyers and tenants seeking a restaurant-ready location, the existing operational use may help streamline planning for a food-and-beverage business. The on-site rear parking and basement storage/bathroom add practical support for day-to-day operations, deliveries, and customer convenience. The current tenant business is also for sale, which may be relevant for qualified operators looking at an owner-operator or turn-key path.
The building is located on a high-traffic street and is described as being just minutes from Salem State University, Downtown Salem, and other surrounding businesses, supporting a steady flow of local activity.
For buyers and tenants seeking a restaurant-ready location, the existing operational use may help streamline planning for a food-and-beverage business. The on-site rear parking and basement storage/bathroom add practical support for day-to-day operations, deliveries, and customer convenience. The current tenant business is also for sale, which may be relevant for qualified operators looking at an owner-operator or turn-key path.
Key Highlights
- Stand‑alone commercial/restaurant building built in 2003
- Current tenant is a pizza/sub shop (tenant business also for sale)
- Rear parking for up to 6+ cars
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Stand-alone restaurant building with rear parking and basement storage, minutes from Salem area activity.
Where is this conventional restaurant located?
The property is located at 101 Loring Avenue Salem, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Stand‑alone commercial/restaurant building built in 2003; Current tenant is a pizza/sub shop (tenant business also for sale); Rear parking for up to 6+ cars
