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Sheena Ruggirello

sheena.ruggirellos@gmail.com +1(860) 222-4734

$4,995,000

Est. payment - /mo

6 Beds

4 Baths

4,492 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family - 4 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 4,492 sqft

Price per Sqft $1,111

MLS Listing ID 73593367

Bedrooms 6

Full Baths 3

Half Baths 2

Year Built 1920

Annual Tax Amount $20,395

Tax Year 2026

Lot Size 1,306 Sqft

Acres 0.03

Property Sub-Type 4 Family - 4 Units Up/Down

Property Description

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.

Location

State MA

County Suffolk

Area North End

Zoning RC

Direction Hanover to Parmenter to Salem.

Interior

Interior Features Living Room, Kitchen

Heating Forced Air

Cooling Central Air

Flooring Tile, Hardwood

Appliance Range, Dishwasher, Refrigerator

Exterior

Community Features Public Transportation, Shopping, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, T-Station

View Y/N Yes

View City View(s)

Roof Type Rubber

Garage No

Building

Story 6

Foundation Concrete Perimeter, Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Serhant

Nearby School & Business

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Sheena Ruggirello

+1(860) 222-4734

Agent License ID: CN234452

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111 Salem Street Boston, MA 02113

Sheena Ruggirello

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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