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    7 Franklin St Salem, MA 01970

    For Lease
    $2,600 /Mo

    Flex/industrial/office space in active redevelopment area, on-site parking.

    Lot size:
    0.39 Acres

    Property Features for 7 Franklin St

    General Information

    Lot size
    0.39 Acres

    Building Details

    Year built
    1996

    Source: The Drumlin Group Inc. Agent Jacob VanMeter

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

    Overview

    Multi-Purpose Space in North Salem

    This property offers a combination of features, including a drive-in garage bay and modern second-floor office spaces. On-site parking is available. The location is in an active redevelopment area of North Salem, situated just off Route 114, providing convenient access. The office spaces are equipped with central air conditioning, while the garage bay has gas Modine heaters. The construction is concrete block and steel. This multi-purpose space is located not too far from the Salem/Peabody line. Rent is net of utilities.
    Insight Report Location Intelligence

    Current Use by Public Records

    ON2AUDIO Security System Supplier Intoxalock Ignition Interlock Safety Equipment Supplier Ken Rothwell's Custom ... Caterer Brenner Facility Services Commercial Cleaning Service Edilab Studio Design Agency

    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

    Ken Rothwell's Custom Catering, Country Club Caterers, Hawthorne Catering Co, Salem Gnu Kitchen

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8996157
    Latitude
    42.5262415

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    FAQs

    What type of property is this?
    Flex space - Flex/industrial/office space in active redevelopment area, on-site parking.
    Where is this flex space located?
    The property is located at 7 Franklin St Salem, MA.
    What are key features of this property?
    This property features: - Multi-purpose space in an active redevelopment area of North Salem.; - One drive-in garage bay.; - Modern second-floor office spaces.
    (781) 854-1037
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    7 Franklin St 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
    7 Franklin St Salem, MA 01970
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