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    71 Loring Ave, Unit 100 Salem, MA 01970

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    For Lease
    $16 SF/Yr ($10,666 /Mo)

    Flex commercial space suitable for office, assembly, receiving, and distribution.

    Property size:
    8,000 SF
    Lot size:
    8,000 SF

    Property Features for 71 Loring Ave

    General Information

    Standard status
    Active
    Size
    8,000 SF

    Building Details

    Year built
    1936

    Source: The Drumlin Group Inc. Agent Mark Shapiro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Flex Space at Enterprise Center

    Unit 100 at The Enterprise Center (TEC) offers approximately 8,000 sq. ft. of flex commercial space suitable for various office, light assembly, receiving, and distribution uses. The property is located on the campus of Salem State University. The floor plan is primarily open, but includes one to two private offices, storage rooms, and a larger staging area or showroom. Ceiling height is approximately 10 to 11 feet. The unit features three entrance points, including a set of double doors, and access to a shared loading dock with an enclosed shipping and receiving area. Shared restrooms are located in a common area adjacent to the space, with another set located down the hall. TEC offers non-reserved on-site parking. Tenants have access to an in-house kitchenette, break room/lounge, conference rooms, and a training facility. The base rent is net of utilities (electric and gas) and real estate taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Salem State University School Massachusetts Small Business ... Business Development Service Viking Hall School Salem State University ... Civil Police Kitchen Tools Kitchen Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Dinner Pleasures

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8939812
    Latitude
    42.5007984

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    FAQs

    What type of property is this?
    Flex space - Flex commercial space suitable for office, assembly, receiving, and distribution.
    Where is this flex space located?
    The property is located at 71 Loring Ave, Unit 100 Salem, MA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - 8,000 sq. ft. flex commercial space ideal for office, light assembly, receiving & distribution.; - Access to shared loading dock with enclosed shipping/receiving area.; - Three entrance points, including double doors.
    (978) 741-3696
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    71 Loring Ave, Unit 100 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
    71 Loring Ave, Unit 100 Salem, MA 01970
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