Retail Space with Storefront
For Lease
$28.50 SF/Yr
266 Canal St, Salem, MA 01970
Ground-floor commercial space offers handicap accessibility within a new apartment development.
Space SizeContact for details
Days on Market23
Property Features for 266 Canal St
General Information
Standard status
Active
Additional Details
Floor
Ground
Taxes and HOA fees
Annual Taxes
$91,287
Amenities
handicap accessibility
storefront window exposure
Building Details
Tenancy
Multi
Listing Agency:
The Drumlin Group Inc.
(617) 633-6719
Listed By:
David Hark · License #9010260
(617) 633-6719
Source:
Exprealty
Added: Jul 21
Changed: Aug 9
Last Checked: Aug 11 at 12:33PM
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 1,250-square-foot ground-floor space is positioned within a newly built 250-unit luxury apartment development. The premises can accommodate retail or office use and includes storefront windows for customer-facing exposure, along with handicap accessibility. A buildout allowance is available for qualified tenants.
The property is located on Canal Street in Salem, near Salem State University. Its placement within a large residential development provides a built-in surrounding setting for a commercial occupant while maintaining a street-oriented storefront presence.
The property is located on Canal Street in Salem, near Salem State University. Its placement within a large residential development provides a built-in surrounding setting for a commercial occupant while maintaining a street-oriented storefront presence.
Key Highlights
- 1,250 SF of ground‑floor retail or office space
- Located within a brand‑new 250‑unit luxury apartment development
- Storefront windows provide customer‑facing exposure
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$4.27 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
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
$24.82 /SF/Yr
Avg Asking Price
$15–$33 /SF/Yr
Price Range
3,973 SF
Avg Space Size
This space is priced 15% above the average of $24.82 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor commercial space offers handicap accessibility within a new apartment development.
Where is this retail space located?
The property is located at 266 Canal St Salem, MA.
What is the lease rate?
The lease rate is $28.50 SF/Yr.
What are key features of this property?
This property features: 1,250 SF of ground‑floor retail or office space; Located within a brand‑new 250‑unit luxury apartment development; Storefront windows provide customer‑facing exposure
