Mixed-Use Property with
New
For Sale
$4,995,000
111 Salem St, Boston, MA 02113
Three commercial levels combine restaurant infrastructure with three vacant apartments and an existing NNN lease through December 2027.
Property Size4,492 SF
Price / SF$1,110
Days on Market2
Property Features for 111 Salem St
General Information
Standard status
Active
Size
4,492 SF
Elevators
Yes
Property subtype
Investment
Site & Location
Neighborhood
North End
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$20,395
Amenities
walk in refrigeration
upgraded electrical systems
rear roll up delivery entrance
air conditioning
roof access
Building Details
Building Size
4,492 SF
Year Built
1920
Buildings
1
Stories
6
Units
4
Tenancy
Single
Listing Agency:
Batterymarch Street
Listed By:
Mackenzie Cormier · License #9569345
(978) 837-2780
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 4:10PM
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 Batterymarch Street
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Investment Insights
Based on property information with market context.
Built in 1920, this approximately 4,500-square-foot mixed-use property includes a restaurant and supporting commercial space across three levels, plus three vacant apartments. Commercial features include a refurbished, permitted lower-level food preparation kitchen, walk-in refrigeration, upgraded electrical systems, and a service elevator with pallet lift. A rear roll-up entrance supports deliveries, and private office and storage space occupies an additional level. The apartments each have two bedrooms, one bathroom, and air conditioning.
The restaurant is occupied under a triple net (NNN) lease through December 2027. Exterior work includes brick replacement and repointing at the front and rear, along with new gutters and drain pipes. The fire escape has certification dated September 1, 2026. Existing roof access may allow for a future roof deck, subject to feasibility and required approvals.
The restaurant is occupied under a triple net (NNN) lease through December 2027. Exterior work includes brick replacement and repointing at the front and rear, along with new gutters and drain pipes. The fire escape has certification dated September 1, 2026. Existing roof access may allow for a future roof deck, subject to feasibility and required approvals.
Key Highlights
- Approximately 4,500 square feet of commercial and residential space
- Restaurant tenant holds an NNN lease through December 2027
- Three vacant two‑bedroom, one‑bathroom apartments, each with air conditioning
Property Analytics
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Current Use
Lease Details
3
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
12,999
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 58%
Beauty & Spa 16%
Dining 13%
Shops & Services 13%
Boston Marriott Long Wharf
Hotels & Casinos
25,424 visits/mo
0.4 miles
Marriott Vacation Club Pulse at Custom House, Boston
Hotels & Casinos
15,363 visits/mo
0.4 miles
Sephora
Beauty & Spa
13,861 visits/mo
0.4 miles
Chart House
Dining
7,933 visits/mo
0.5 miles
Santander Bank
Shops & Services
7,110 visits/mo
0.3 miles
Demographics for 02113, MA
7,126
Population
4,664
Households
1.5
Avg Household Size
29
Median Age
80%
College-Educated
98%
High-School Grad
0.1 sq mi
ZIP Area
71,260
Density / Sq Mi
$110,321
Median Household Income
$72,264
Median Earnings
$2,498
Median Rent
$693,900
Median Home Value
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Market
Vacancy Rate% for Retail in Boston, MA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial levels combine restaurant infrastructure with three vacant apartments and an existing NNN lease through December 2027.
Where is this mixed-use property located?
The property is located at 111 Salem St Boston, MA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Approximately 4,500 square feet of commercial and residential space; Restaurant tenant holds an NNN lease through December 2027; Three vacant two‑bedroom, one‑bathroom apartments, each with air conditioning
