MLS® ID: 72422800
142 Canal St
Salem, Massachusetts, 01970 $35
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.