142 Canal StreetSalem, MA 01970MLS Number 72422800

  • Price: $35
  • 252 Days on Market
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Federal 30-year interest rate: 3.81% last updated on Jul 18, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 3.52Acreage
  • 2019Year Built
  • 2,600Square Feet
  • 26Parking Spaces

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Lease a 2,600 s.f. freestanding retail building, with drive-thru, at a new mixed-use project being developed on Canal St. in Salem. The 5 building Planned Urban Development will be known as University Square, and will offer retail and office spaces, plus 49 apartment units. The landscaped site will include ample adjacent parking for all the uses. Join existing tenants, Family Dollar, O'Reilly Auto Parts, Honey Dew, Paradise Dental, and others. The site is opposite Crosby's Marketplace (on Canal St.) and across from a newly renovated McDonald's (on Ocean Ave.). University Square is in close proximity to Salem Hospital and the Salem CBD, and a short walk to Salem State University, which has over 9,000 students and faculty members. University Square abuts a newly constructed rail trail, running the length of the property. Canal St., one of Salem's most active business roadways, was recently upgraded. A proposed future South Salem commuter rail stop may also be located behind the project.

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Windhill Realty
Windhill Realty
Office: 978.356.8922
16 Market Street
Ipswich, MA 01938

More Info

Parking

  • Parking Spaces26
  • Parking Feature21+ Spaces

Building

  • Year Built2019
  • Total Units1
  • Total Bldg Sf2600
  • Reu Units1
  • No Buildings1
  • No Stories1
  • Entry OnlyNo
  • Assessed Value Bldg1964800

Utilities

  • UtilitiesPublic Water, Public Sewer

Photos

  • Photo Date2019-03-04T13:50:00
  • Number of Photos6

Basic Information

  • StatusACT
  • MLS Number72422800
  • Prop TypeCI
  • Status Date2019-03-02T09:12:00
  • Date Listed11/12/2018
  • List Price$35
  • Price Per Square Foot$0
  • LeaseYes
  • Lease Price IncludesBuilding
  • Lease TypeTriple Net Lease (NNN)
  • DirectionRt. 1A (Loring Ave.) to Canal St. or Rt.114 (Washington St.) to Canal St.

Location

  • StreetCanal Street
  • TownSalem
  • StateMA
  • Zip01970
  • Zip Code 44650
  • CountyEssex
  • LocationUrban, Free Standing, Corner Lot

Property

  • Acreage3.52
  • Space AvailableFor Lease
  • Square Feet2,600
  • SubletNo
  • Lot Size153331
  • Assessed Value Land1564900
  • Main LoC95118

Other

  • Modification Date2019-03-06T03:05:00
  • Certificate Number568
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • Book36173
  • Listing AgreementExclusive right to Lease
  • Maf Bldg Sf2600
  • ExchangeNo
  • Firm Rmk1This build-to-suit opportunity is ideal for a bank or restaurant. The corner location features superb visibility and exposure, two curb cuts, with building and pylon signage. NNN charges are being estimated at $7.50-$8.00 per sq. ft. Utilities will be sep
  • Page602
  • View Count27

Salem, MA Demographics

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Salem, MA Real Estate Market Data

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Salem, MA Schools

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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