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

13 hours 35 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

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

3 schools

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

The Greenhouse School

0.9 mi

Grades PK-08

M

Middle Schools

3 schools

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

B+

Village School

1.5 mi | #253 of 824 | Score: 52.3

Dropped 64 spots from last year

-5.9 below state avg

529 students Moderate

Grades 04-06

A-

Marblehead Veterans Middle School

1.9 mi | #83 of 352 | Score: 51.5

Dropped 30 spots from last year

-6.7 below state avg

411 students Less Diverse

Grades 07-08

H

High Schools

3 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

A-

Marblehead High School

1.8 mi | #80 of 346 | Score: 62.1

Dropped 37 spots from last year

+3.9 above state avg

861 students Less Diverse

20 sports • 2,426 athletes

Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum

Grades 09-12

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $10,031

Homeowners Insurance $200

PMI (if <20% down) $0

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

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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

13 hours 35 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.