Search
Furnished Restaurant with Wraparound Bar
New
For Sale
Contact for pricing

221 Washington St, Salem, MA 01970

Fully built-out dining property with commercial kitchen, outdoor patio, and flexible private-function space.

Property Size7,026 SF
Price / SF$0.00
Days on Market5

Property Features for 221 Washington St

General Information

Standard status Active
Size 7,026 SF
Property subtype Commercial

Restaurant

Patio Yes
Liquor License Yes

Additional Details

Furnished Yes

Building Details

Year Built 2019
Listing Agency: Lock and Key Realty
Listed By: Jordan Healy
Source: Lockandkeyre
Added: Jul 28 Changed: Jul 31 Last Checked: Aug 1 at 5:02AM

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 Lock and Key Realty

Investment Insights

Based on property information with market context.

This 7,026-square-foot restaurant property, built in 2019, is fully built out and furnished for dining operations. The layout includes a main dining room with a wraparound bar, a commercial kitchen, flexible additional space, and seating for more than 250 guests indoors. A premium outdoor patio and a separate area with a second bar support private functions or expanded dining. A liquor license is included.

The property is located at 221 Washington St in downtown Salem, directly beneath the 113-room Hampton Inn. Convenient garage parking is available, along with potential partnership opportunities involving private functions, menu distribution, and room service agreements. The setting is supported by dense residential neighborhoods, local businesses, and annual visitor activity.

Key Highlights

  • 7,026 SF restaurant property built in 2019
  • Fully built‑out and furnished dining space with commercial kitchen
  • Indoor seating for more than 250 guests

Property Analytics

Current Use

Rivalry Sports Lounge ... Restaurant

Suggested Use

Top Pick Locksmith Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

2,708
Businesses Nearby
Under-served
Demand for This Use

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

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully built-out dining property with commercial kitchen, outdoor patio, and flexible private-function space.
Where is this conventional restaurant located?
The property is located at 221 Washington St Salem, MA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 7,026 SF restaurant property built in 2019; Fully built‑out and furnished dining space with commercial kitchen; Indoor seating for more than 250 guests
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message