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    10 Federal St Salem, MA 01970

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    For Lease
    $18 SF/Yr

    Office space for lease in the heart of downtown Salem.

    Property size:
    16,000 SF
    Lot size:
    16,000 SF

    Property Features for 10 Federal St

    General Information

    Standard status
    Active
    Size
    16,000 SF

    Building Details

    Year built
    1956

    Source: The Drumlin Group Inc. Agent Mark Shapiro

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

    Overview

    Downtown Salem Office Space Available

    Available for lease is office space ranging from 3,000 to 11,000 square feet, situated in downtown Salem. The location provides convenient access to the commuter rail station and garage, Essex County Courts, City Hall, Peabody Essex Museum, Pickering Wharf, restaurants, shopping, hotels, municipal parking, and various historic, cultural, and seasonal attractions. The building offers handicap accessibility, elevators at both ends, on-site parking with spaces allocated based on leased area, new common restrooms on the 3rd floor, and extensive window lines. Suitable for general office, administration, medical purposes, and executive suites with shared amenities, the property features flexible floor plans. The lease includes utilities, CAM, RET, building insurance, and basic build-out. Tenants are responsible for communications, internet, and office cleaning.
    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
    -70.8938855
    Latitude
    42.5235523

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    FAQs

    What type of property is this?
    Office space - Office space for lease in the heart of downtown Salem.
    Where is this office space located?
    The property is located at 10 Federal St Salem, MA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Salem location, walkable to commuter rail, courts, museums, and attractions.; - Flexible floor plans and suitability for various uses (office, medical, executive suites).; - Handicap accessible with elevators and on-site parking.
    (978) 741-3696
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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
    10 Federal St Salem, MA 01970
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