Fully Leased Masonry Industrial
For Sale
Contact for pricing
Pending
11 Franklin St, Salem, MA 01970
Masonry construction, drive-in loading, and an approved expansion plan support continued industrial use.
Property SizeContact for details
Lot Size1.62 Acres
Days on Market142
Property Features for 11 Franklin St
General Information
Standard status
Pending
Total Parking Spaces
55
Lot size
1.62 Acres
Property subtype
Industrial
Occupancy
100%
Additional Details
Highway Access
Yes
Drive-In Doors
2
Building Details
Buildings
1
Construction
masonry
Listing Agency:
Drumlin Group Inc
(978) 741-3696
Listed By:
David Hark · License #9010260
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 1:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Drumlin Group Inc
Investment Insights
Based on property information with market context.
This fully leased industrial property includes a masonry building with two drive-in loading doors. The 1.62-acre site also carries approvals for construction of a new 15,500-square-foot building, providing an additional development component alongside the existing occupied improvements.
The property is located just off Route 114 and near Salem MBTA station. On-site parking totals about 55 spaces, although the owner reserves the right to use up to six spaces for the adjacent property.
The property is located just off Route 114 and near Salem MBTA station. On-site parking totals about 55 spaces, although the owner reserves the right to use up to six spaces for the adjacent property.
Key Highlights
- Fully leased masonry industrial building
- Two drive‑in loading doors
- 1.62‑acre site
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 01970, MA
44,451
Population
20,920
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$85,189
Median Household Income
$52,024
Median Earnings
$1,800
Median Rent
$497,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Industrial property - Masonry construction, drive-in loading, and an approved expansion plan support continued industrial use.
Where is this industrial property located?
The property is located at 11 Franklin St Salem, MA.
What are key features of this property?
This property features: Fully leased masonry industrial building; Two drive‑in loading doors; 1.62‑acre site
