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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.
More Info
Basic Information
- Gross Income $156,672
- Mls StatusNew
- Parcel Number 3365678
Tax Information
- Tax Assessed Value $1,110,300
- Tax Year 2026
- Taxes$20,395
Parking
- Parking Spaces
Rooms
- Bathroom5
- Bathrooms Total Decimal 4
- Bedrooms6
- Full Bath3
- Half Baths2
Basic Information
- List Price$4,995,000
- MLS Number73593367
- Modification Date10/21/2026
- Property SubType4 Family - 4 Units Up/Down
Location
- Address111 Salem Street
- Building Number111
- CountySuffolk
- NeighborhoodNorth End
- StateMA
- StreetSalem Street
- SubdivisionNorth End
- TownBoston
- Zip02113
Building
- Building Area Units Square Feet
- Construction Materials Brick
- FoundationConcrete Perimeter, Stone, Brick/Mortar
- Levels 6
- Rooms17
- Stories6
- Units4
- Year Built1920
- Year Built Details Approximate, Unknown/Mixed
- Year Built Source Public Records
Property
- Acreage0.03
Interior
- Flooring Tile, Hardwood
- Interior Features Living Room, Kitchen
Exterior
- RoofRubber
Utilities
- Cooling Central Air
- Cooling YN Yes
- Heat SystemYes
- Heating Forced Air
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Measured
- Living Area 4,492
- Lot Size Square Feet 1,300
- Lot Size Units Acres
- Road Responsibility Public Maintained Road
- Square Feet4,492
- View YN Yes
Amenities
- Amenities
- Bike Path
- Highway Access
- House of Worship
- Laundromat
- Public Transportation
- Shopping
- T-Station
- Walk/Jog Trails
- Appliances IncludedRange, Dishwasher, Refrigerator
Legal
- ZoningRC
Other
- Date Listed10/21/2026
- Farm Land Area Units Square Feet
- View Count1
Map Location
Listed by Cormier Collective Team of Serhant
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