100 BOSTON ST, SALEM, MA 01970-1402

Brian DApice

PRO

MA MA 9538300, NH NH 74824 (+2)

Listed by The Mega Group Commercial Real Estate

$33.82/SF/YR

56 days on market

Updated 53 days ago

100 BOSTON ST SALEM MA 01970-1402

Building Details

Property Type

Retail, Restaurant

Tenancy

Single

Lease Type

NNN

Total Building SqFt

2,342

Year Built

1951

Spaces

Single-Tenant Retail / Restaurant Site

SINGLE-TENANT RETAIL / RESTAURANT SITE

Building description

The Mega Group is pleased to present this single-tenant retail / restaurant location situated on 16,788 +/- square feet of land. The subject property is a 2,342 +/- square foot commercial building located at 100-102 Boston Street in Salem Massachusetts with two (2) curb cuts and featuring two-way lit marquee signage. Natural Gas and Electric is on-site. Options include as-is condition as a restaurant with over $150,000 of equipment already in place in brand new condition, including a 14-foot custom fabricated hood system. FF&E Market Valuation Quote available upon request.

There is a myriad of NNN land lease options to the user: Existing commercial building as a restaurant with existing FF&E in-place for a nominal fee, existing commercial building as a retail establishment with FF&E removed at Landlords expense, commercial re-development to include a drive-thru that may require permitting, or through extensive permitting a hybrid of commercial and residential use taking advantage of the multiple zoning districts.

Building highlights

100-102 Boston Street in Salem is taxed and assessed as commercial with about just less than half the parcel resting in B2 (Business) zoning and the balance being R2 (Residential) zoning with an existing curb cut on Beaver Street. Boston Street sees 23,105 VPD as the main artery taking you from downtown historic Salem and it's Gallows Hill and McIntyre Districts to Route 128 N/S via Peabody Square.