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

40

Days 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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Public Records

Current Owner

Owner CROSBY SALEM REALTY LLC

Mailing Address CROSBY SALEM REALTY LLC, SALEM, MA, 01970

Land Use

Use Code 323

Description N/A

Zoning B4

Style Shop-Ctr Com

Tax Information

Assessed Value $5,321,300

Assessment History

Year	Land	Building	Total	Change
FY2026	$2,832,900	$2,400,000	$5,321,300	—

Building Permit History

No building permits on record since 2023.

Data: Town of Salem

Municipal Context: SALEM

Property Data Comparison

Discrepancies found between MLS and assessor records.

Field	Assessor	MLS	Match
Sqft	38,630	1,300	✗
Year built	1,960	1,955	✗

Match: address_exact (95.0% confidence) · Data as of Jun 1, 2026

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

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

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Loan Term 30 years 15 years

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Property Tax $10,031

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Interest

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Year 1

95% Interest

Year 15

50/50

Year 30

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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

Days on Market

40 days

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 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.