Retail Space in New Apartment
For Lease
$28 SF/Yr CAM $2.00 /USD/SF/YR
266 Canal St, Salem, MA 01970
Storefront windows and handicap accessibility support retail or office use.
Space SizeContact for details
Property Size1,250 SF
Days on Market26
Property Features for 266 Canal St
General Information
Standard status
Active
Size
1,250 SF
Property subtype
COMMERCIAL
Space & Availability
Floor
Ground
Space Use
Office
Additional Details
CAM
$2.00 /USD/SF/YR
Taxes and HOA fees
Annual Taxes
$91,287
Amenities
storefront window exposure
handicap accessibility
Building Details
Building Size
1,250 SF
Year Built
2025
Listing Agency:
The Drumlin Group Inc.
(978) 741-3696
Listed By:
David Hark · License #9010260
Source:
Donnellyandco
Added: Jul 21
Changed: Aug 13
Last Checked: Aug 14 at 12:50PM
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.
Retail space is available within a 2025 apartment development containing 250 units. The premises offer storefront window exposure and handicap accessibility, supporting either retail or office occupancy.
The property is positioned on Canal Street near Salem State University, providing a commercial setting within a newly built residential development. Its location on a busy street adds practical exposure for occupants seeking a customer-facing storefront or office presence.
The property is positioned on Canal Street near Salem State University, providing a commercial setting within a newly built residential development. Its location on a busy street adds practical exposure for occupants seeking a customer-facing storefront or office presence.
Key Highlights
- Located within a 250‑unit apartment development built in 2025
- Canal Street location near Salem State University
- Storefront windows provide street‑facing exposure
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
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 13% 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 - Storefront windows and handicap accessibility support retail or office use.
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 SF/Yr.
What are key features of this property?
This property features: Located within a 250‑unit apartment development built in 2025; Canal Street location near Salem State University; Storefront windows provide street‑facing exposure
