125 Canal St, Salem MA 01970 - Preview 1 125 Canal St, Salem MA 01970 - Preview 2 125 Canal St, Salem MA 01970 - Preview 3
125 Canal St, Salem MA 01970 - Preview 1 125 Canal St, Salem MA 01970 - Preview 2 125 Canal St, Salem MA 01970 - Preview 3

125 Canal St, Salem MA 01970

Salem, MA 01970
$28/mo
1,300
Sq Ft
3.04
Acres
1955
Year Built
90
Days on Market
For Rent Listed May 13, 2026 • MLS# 73518025 Copied! • Updated May 17, 2026

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About this home

This is a rare opportunity to locate your business in a highly sought after retail plaza on one of Salem's busiest thoroughfares. This grocery anchored shopping center features Crosby's Marketplace, Subway, Marblehead Bank and other successful retailers. This is a long time asian restaurant space suitable for other food uses including pizza and ice cream. Located between Salem State University and downtown Salem, the site features abundant parking and a large pylon sign.

Property History

Property Timeline

🏠
Listed for Rent
May 13, 2026
$28
Original listing
Agent: David Hark Office: The Drumlin Group Inc.

Tax History

Year Taxes Assessment
2025 $120,368 —

Financial Details

Annual Property Tax
$120,368
Tax Year 2025

Facts & Features

Home Facts

Type Commercial Lease
Year Built 1955
Living Area 1,300 sq ft
Lot Size 3.04 acres

Rental Details

Rent Includes None
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Building & Pet Policy

Fee Includes None
Amenities None
Optional Fee Includes None
Possession None
Accepted Financing None
Structure Type []
Documents None
County Essex

Property Overview

Listing Type
For Rent
Year Built
1955
Living Area
1,300 sq ft

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1955
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:
School District
Salem School District local
B-
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

9 schools
The Greenhouse School
0.9 mi
Grades PK-08
The Phoenix School
1.1 mi
Grades PK-08
B-
Saltonstall School
0.3 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
0.8 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.4 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.5 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.5 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.5 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B+
Bates School
1.8 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
0.6 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.6 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
0.8 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Location

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Neighborhood

125 Canal St, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent David Hark
Listing Office The Drumlin Group Inc.
Office Phone 978-741-3696
Agent MLS ID C8369012
Office MLS ID C95118
Listing Data Updated May 17, 2026 4:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate
BMN Boston Real Estate
Douglas Elliman
(617) 955-2224 contact@bmnboston.com
Ask about this property — free, no obligation.

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