Furnished Restaurant with Dual
New
For Lease
$33 SF/Yr
221 Washington St, Salem, MA 01970
Furnished restaurant space includes a commercial kitchen, patio, and two bar areas.
Space SizeContact for details
Property Size7,026 SF
Days on Market5
Property Features for 221 Washington St
General Information
Standard status
Active
Size
7,026 SF
Zoning
B5, Legal Conforming
Lease Type
NNN
Space & Availability
Space Use
Restaurant
Furnished
Yes
Restaurant
Patio
Yes
Liquor License
Yes
Building Details
Building Size
7,026 SF
Year Built
2019
Listing Agency:
RE/MAX Beacon
(978) 500-9751
Listed By:
Levana Group
(978) 500-9751
Source:
Aucoinryanrealty
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 25 at 9:13AM
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 RE/MAX Beacon
Investment Insights
Based on property information with market context.
This furnished restaurant property at 221 Washington St in Salem, Massachusetts, provides more than 7,000 square feet of built-out space. The layout includes a main dining room, wraparound bar, commercial kitchen, outdoor patio, and a separate area with a second bar. Indoor seating accommodates more than 250 guests, and the premises include a liquor license.
Built in 2019, the restaurant is positioned beneath the 113-room Hampton Inn and offers access to garage parking. The property is in downtown Salem and is zoned B5, Legal Conforming. The separate bar area provides additional space for private functions or expanded dining operations.
Built in 2019, the restaurant is positioned beneath the 113-room Hampton Inn and offers access to garage parking. The property is in downtown Salem and is zoned B5, Legal Conforming. The separate bar area provides additional space for private functions or expanded dining operations.
Key Highlights
- >7,000 square feet of furnished, fully built‑out restaurant space
- Indoor seating for more than 250 guests
- Commercial kitchen with main dining room and wraparound bar
Property Analytics
Current Use
Lease Details
Yes
Liquor license
NNN (Triple Net)
Lease Type
$4.95 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,060
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valvoline Instant Oil Change
Shops & Services
2,198 visits/mo
0.5 miles
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
$31 /SF/Yr
Avg Asking Price
$26–$34 /SF/Yr
Price Range
4,360 SF
Avg Space Size
This space is priced 6% above the average of $31 /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 - Furnished restaurant space includes a commercial kitchen, patio, and two bar areas.
Where is this conventional restaurant located?
The property is located at 221 Washington St Salem, MA.
What is the lease rate?
The lease rate is $33 SF/Yr.
What are key features of this property?
This property features: >7,000 square feet of furnished, fully built‑out restaurant space; Indoor seating for more than 250 guests; Commercial kitchen with main dining room and wraparound bar
