111 Salem Street

Overview

A rare opportunity to purchase a mixed use property along one of Boston's most storied commercial corridors, 111 Salem Street is ideally situated just one block from iconic Hanover Street in the heart of the North End. Offering approximately 4,500 square feet of commercial and residential space, the property combines established restaurant infrastructure, income potential, and long term flexibility. The commercial component spans three levels, including a street level restaurant, an extensively refurbished permitted lower level food preparation kitchen, and an additional level with private office and storage space. Features include walk in refrigeration, upgraded electrical systems, a service elevator with pallet lift connecting the commercial levels, and a dedicated rear roll up delivery entrance. Expansive signage extending along both sides of the building and projecting over the sidewalk provides prominent visibility along this highly trafficked North End corridor. Recent improvements include brick replacement and repointing at the front and rear, new gutters and drain pipes, and fire escape certification dated September 1, 2026. The restaurant is currently occupied by an established, long term tenant under a triple net (NNN) lease through December 2027. Above, 3 vacant two bedroom, one bathroom apartments, each equipped with air conditioning, offer immediate leasing flexibility, with potential for renovation, reconfiguration, or expansion to create larger residences, subject to applicable approvals. Existing roof access presents the potential for a future roof deck, subject to feasibility and necessary approvals. Whether envisioned as a future restaurant or hospitality destination, a 1031 exchange acquisition, or a long term mixed-use investment, 111 Salem Street offers a compelling combination of location, infrastructure, and versatility in one of Boston's most established neighborhoods.

Measurements are approximate; buyer & buyer agent do due diligence. Broker & seller make no representation as to the status of any commercial tenants at the property. The nature of the current commercial business is provided solely for descriptive purposes in the marketing of the building itself.

Property details

Type

4 Family - 4 Units Up/Down · Residential Income

MLS number

73593367

Neighborhood

North End

County

Suffolk

Rooms

17

Full baths

3

Half baths

2

Living area

4,492 sq ft

Lot

0.03 acres

Heating

Forced Air

Cooling

Central Air

Annual taxes

$20,396 (2026)

Listed

October 21, 2026

Location

111 Salem Street, Boston, MA 02113

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