132 Canal St,Salem,MA,01970,US
Salem, MA | 6,491 sq. ft. | $ 13,522.92/mo
| Space Available: | 6,491 sq. ft. |
| Type: | Retail - Warehouse |
| Est. Rent: | 2.08/SF/Month |
Lease up to 6,475 sq. ft. (sub-dividable from 1,450+/ sq. ft.)of prime ground floor commercial space in an exciting new mixed-use project on Canal St. in Salem, MA. The space is suitable for numerous uses, including retail, service, office, restaurant, and medical. Jackson Hewitt Tax Service is opening shortly. The five (5) building University Square, a Planned Urban Development (PUD)features retail and office spaces plus a total of 49 apartment units. The landscaped site will include ample adjacent parking for all of the uses. Ready for immediate delivery. NNN charges are estimated in the range of $6.50-$7.00 per sq. ft. 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 Central Business District and a short walk to Salem State University, which has over 7,500 student and faculty members. University Square abuts a newly constructed rail trail, which runs the length of the property. Canal Street, which is one of Salem’s most active business roadways, was recently rebuilt including new paving, sidewalks and lighting. A proposed future South Salem commuter rail stop may also be located behind the development, providing access to SSU and Salem Hospital, along the Canal St. and Jefferson Ave. corridors respectively.
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