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    10 Federal St Salem, MA 01970

    For Sale
    Contact for pricing

    Prime Salem office space, flexible lease terms.

    Property size:
    16,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property at 10 Federal Street in the heart of Salem, MA, offers 16,000 square feet of versatile office space available for lease. Situated on a 1.21-acre lot, this building enjoys a highly desirable location, within easy walking distance of the commuter rail station and garage, Essex County Courts, City Hall, Peabody Essex Museum, Pickering Wharf, a wide array of restaurants and shops, hotels, and ample municipal parking. Its central location provides unparalleled access to Salem's rich historical, cultural, and seasonal attractions. The building itself is fully handicap accessible, featuring elevators conveniently located at both ends. On-site parking is provided, with the number of spaces allocated based on the leased area. Recent upgrades include new, modern common men's and women's restrooms on the third floor, and the building boasts extensive window lines providing abundant natural light. The flexible floor plans accommodate a variety of uses, including general office administration, medical practices, and executive suites. Leasing options include utilities, CAM charges, real estate taxes, building insurance, and a basic build-out allowance. Tenants are responsible for their own communications, internet, and office cleaning. Available office space ranges from 3,000 to 11,000 square feet, offering a range of options to suit diverse business needs. The asking price is $18 million.

    Property Features for 10 Federal St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    16,000 SF
    Lot Size
    52,708 SF

    Building Details

    Year Built
    1956
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Net Atlantic Inc Internet Marketing Service Essex County District ... District Attorney Dr. James T. ... Dentist Ciampan Kim LLP: ... Dentist Joseph Simons Criminal Justice Attorney

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.89393
    Latitude
    42.52344

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Salem office space, flexible lease terms.
    Where is this commercial real estate located?
    The property is located at 10 Federal St Salem, MA.
    What is the asking price?
    The asking price for this property is $18.
    (978) 741-3696
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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
    10 Federal St Salem, MA 01970
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