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    373 Highland Ave Salem, MA 01970

    For Lease
    $15 SF/Yr

    Commercial Lease - Salem, MA

    Property size:
    20,000 SF
    Lot size:
    4.34 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 373 Highland Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CI
    APN
    M:07 L:0046,2127135
    Size
    20,000 SF
    Lot size
    4.34 Acres

    Building Details

    Year built
    2023
    Architectural style
    Other

    Keller Williams Realty Success (978) 475-2111

    Listing agent Faulkner Commercial Group (978) 475-2111

    Listing date Nov 17, 2025

    MLS# 73426657 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Industrial Space Available

    Available for lease is 20,000 square feet of new industrial space situated on the street level of a facility constructed in 2023. The space features a 12-foot clear height and includes access to a freight elevator that serves the lower-level docks. Common area amenities include a kitchen and dining area, ADA-compliant restrooms, and an employee locker room. The property provides abundant parking for employees. The lease is structured as NNN, with the tenant responsible for utilities and a proportionate share of NNN expenses in addition to the base rent. A 5-year lease term is preferred. The landlord is open to leasing additional space within the 4.34-acre property. Prospective tenants are encouraged to conduct thorough due diligence regarding all aspects of a potential lease. The property is zoned CI and located in Salem, MA.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.929381
    Latitude
    42.497359

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    FAQs

    What type of property is this?
    Flex space - 20,000 SF of new industrial space for lease.
    Where is this flex space located?
    The property is located at 373 Highland Ave Salem, MA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - New industrial space built in 2023; - 20,000 sf of street-level space; - Freight elevator access to lower-level docks
    (978) 475-2111
    Request Owner's contact information
    373 Highland Ave Salem, MA 01970
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    Salem, MA 01970
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    373 Highland Ave Salem, MA 01970
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