266 Canal St, Salem MA 01970

Salem, MA 01970

$29

Est. $7,807/month

1,250

Sq Ft

$0

Price/Sq Ft

14.74

Acres

2025

Year Built

62

Days on Market

Active Listed Nov 15, 2025 • MLS# 73455244 Copied!

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About this home

Get in on the ground floor of this brand new 250 unit luxury apartment development on busy Canal Street near Salem State University. This is highly visible retail or office space which is the only retail available in the development. Great storefront window exposure and handicap accessibility. In addition to base rent and utilities, tenant will pay common area charges of $2/s.f. Buildout allowance possible for qualified tenants.

Property Overview

Listing Type

Commercial Lease

Year Built

2025

Living Area

1,250 sq ft

Facts & Features

Home Facts

Type Commercial Lease

Year Built 2025

Living Area 1,250 sq ft

Lot Size 14.74 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 $91,287

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 2025

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

266 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

0.4 mi

Grades PK-08

The Phoenix School

1.3 mi

Grades PK-08

C-

Horace Mann Laboratory School

0.7 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-

Saltonstall School

0.7 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

B

Witchcraft Heights School

1.5 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

1.9 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

1.9 mi

106 students Diverse

Diverse Student Body

Grades PK

B-

Carlton School

2.0 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

2.2 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

0.8 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

1.0 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

0.7 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

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $7,607

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

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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

Nov 15, 2025

$29

Original listing

Agent: David Hark Office: The Drumlin Group Inc.

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
11/15/2025	🏠 Listed for Sale	$29	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Nov 15, 2025	New Listing Added	$29	—

Market Statistics

Days on Market

62 days

Price per Sq Ft

$0

Tax History

Year	Taxes	Assessment
2025	$91,287	—

Financial Details

Annual Property Tax

$91,287

Tax Year 2025

Listing Information

Listing Agent David Hark

Listing Office The Drumlin Group Inc.

Agent MLS ID C8369012

Office MLS ID C95118

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