125 Canal St, Salem MA 01970

Salem, MA 01970

$28

Est. $10,231/month

1,300

Sq Ft

$0

Price/Sq Ft

3.04

Acres

1955

Year Built

12 hours 7 minutes

Time on Market

Active Listed May 13, 2026 • MLS# 73518025 Copied!

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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.

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Property Overview

Listing Type

Commercial Lease

Year Built

1955

Living Area

1,300 sq ft

Facts & Features

Home Facts

Type Commercial Lease

Year Built 1955

Living Area 1,300 sq ft

Lot Size 3.04 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric None

Water None

Sewer None

Gas None

Other None

Financial

Annual Tax $120,368

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:

Location

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Neighborhood

125 Canal St, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

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Loan Amount

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Total Interest

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Home Price

Down Payment

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Down: $0

Interest Rate

%

Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $10,031

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠

Listed for Sale

May 13, 2026

$28

Original listing

Agent: David Hark Office: The Drumlin Group Inc.

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
05/13/2026	🏠 Listed for Sale	$28	-	-	Original listing

Price & Status History

Date	Event	Price	Change
May 13, 2026	New Listing Added	$28	—

Market Statistics

Time on Market

12 hours 7 minutes

Price per Sq Ft

$0

Tax History

Year	Taxes	Assessment
2025	$120,368	—

Financial Details

Annual Property Tax

$120,368

Tax Year 2025

Listing Information

Listing Agent David Hark

Listing Office The Drumlin Group Inc.

Agent MLS ID C8369012

Office MLS ID C95118

Listing Data Updated May 13, 2026 2:11 PM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.