Restaurant Space in Grocery-Anchored
New
For Lease
$28 SF/Yr
125 Canal St, Salem, MA 01970
The B4-zoned space is in a retail plaza with food and retail tenants.
Space SizeContact for details
Property Size1,300 SF
Days on Market2
Property Features for 125 Canal St
General Information
Standard status
Active
Size
1,300 SF
Zoning
B4
Taxes and HOA fees
Annual Taxes
$120,368
Building Details
Building Size
1,300 SF
Year Built
1955
Listing Agency:
The Drumlin Group Inc.
Listed By:
David Hark · License #9010260
(978) 741-3696
Source:
Insightrealtygroup
Added: Sep 29
Changed: Sep 30
Last Checked: Sep 30 at 4:30PM
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.
A 1,300-square-foot restaurant space is available in a retail plaza built in 1955. The B4-zoned space is identified as suitable for other food concepts, including pizza and ice cream. The center includes a large pylon sign and on-site parking.
Crosby’s Marketplace, Subway and Marblehead Bank are among the plaza’s tenants. The property is situated between Salem State University and downtown Salem.
Crosby’s Marketplace, Subway and Marblehead Bank are among the plaza’s tenants. The property is situated between Salem State University and downtown Salem.
Key Highlights
- 1,300‑square‑foot restaurant space
- B4 zoning
- Food‑use options include pizza and ice cream
Property Analytics
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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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The B4-zoned space is in a retail plaza with food and retail tenants.
Where is this conventional restaurant located?
The property is located at 125 Canal St Salem, MA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: 1,300‑square‑foot restaurant space; B4 zoning; Food‑use options include pizza and ice cream
