Restaurant Space in Grocery-Anchored
For Lease
$28 SF/Yr
125 Canal Street, Salem, MA 01970
Long-time Asian restaurant space in a grocery-anchored plaza with abundant parking and a large pylon sign.
Space SizeContact for details
Days on Market119
Property Features for 125 Canal Street
General Information
Standard status
Active
Building Details
Year Built
1955
Listing Agency:
The Drumlin Group Inc.
Listed By:
Mark Shapiro
(978) 808-8064
Source:
Merryfoxrealty
Added: May 11
Changed: Sep 5
Last Checked: Sep 5 at 9:22AM
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 The Drumlin Group Inc.
Investment Insights
Based on property information with market context.
This is a restaurant space within a grocery-anchored retail plaza at 125 Canal Street in Salem, MA. The space has been used as a long-time Asian restaurant and is described as suitable for other food uses, including pizza and ice cream.
The shopping center includes Crosby’s Marketplace, Subway, and Marblehead Bank, along with other retailers. The site offers abundant parking and features a large pylon sign, providing visibility for businesses serving the surrounding area.
The shopping center includes Crosby’s Marketplace, Subway, and Marblehead Bank, along with other retailers. The site offers abundant parking and features a large pylon sign, providing visibility for businesses serving the surrounding area.
Key Highlights
- Long‑time Asian restaurant space in a grocery‑anchored retail plaza
- Plaza tenants include Crosby's Marketplace, Subway, and Marblehead Bank
- Located between Salem State University and downtown Salem
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01970, MA
44,451
Population
20,920
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$85,189
Median Household Income
$52,024
Median Earnings
$1,800
Median Rent
$497,500
Median Home Value
Market
Lease Benchmarks for Salem, MA
$28.5 /SF/Yr
Avg Asking Price
$26–$33 /SF/Yr
Price Range
4,360 SF
Avg Space Size
This space is priced 2% below the average of $28.5 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Long-time Asian restaurant space in a grocery-anchored plaza with abundant parking and a large pylon sign.
Where is this conventional restaurant located?
The property is located at 125 Canal Street Salem, MA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Long‑time Asian restaurant space in a grocery‑anchored retail plaza; Plaza tenants include Crosby's Marketplace, Subway, and Marblehead Bank; Located between Salem State University and downtown Salem
