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Restaurant Space with Outdoor Seating
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331 Lafayette St, Salem, MA 01970

B1-zoned restaurant space with accessible restrooms and on-site parking.

Property Size2,794 SF
Price / SF$0.01
Days on Market132

Property Features for 331 Lafayette St

General Information

Standard status Active
Size 2,794 SF
Property subtype Commercial
Zoning B1
Lease Type NNN

Restaurant

Seating Capacity 49
Patio Yes

Taxes and HOA fees

Annual Taxes $85,384

Building Details

Building Size 2,794 SF
Year Built 2017
Listing Agency: JMJ Commercial Realty, Inc.
Listed By: Chris Bernier
Source: Churchillprop
Added: Apr 13 Changed: Aug 22 Last Checked: Aug 22 at 4:57AM

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 JMJ Commercial Realty, Inc.

Investment Insights

Based on property information with market context.

This 2,794-square-foot restaurant property at 331 Lafayette St in Salem was built in 2017 and includes both indoor and outdoor seating. The interior accommodates 49 seats, with two handicap-accessible bathrooms serving the space. On-site parking is also provided.

The property is positioned near Marblehead and Swampscott, within the Salem market. B1 zoning supports its restaurant classification, while the existing layout offers a ready framework for a variety of restaurant concepts.

Key Highlights

  • 2,794 SF restaurant property built in 2017
  • 49 interior seats plus outdoor seating
  • Two handicap‑accessible bathrooms

Property Analytics

Current Use

RN Esthetics Salem Spa & Massage Center PZA Grille & Bar Restaurant MODERN HYDRATION IV ... Gym & Fitness Center Salem State University ... University

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Bakery Cosmetic Store Catering Service Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

536
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - B1-zoned restaurant space with accessible restrooms and on-site parking.
Where is this conventional restaurant located?
The property is located at 331 Lafayette St Salem, MA.
What are key features of this property?
This property features: 2,794 SF restaurant property built in 2017; 49 interior seats plus outdoor seating; Two handicap‑accessible bathrooms
More about this property
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