Standalone Flex Building with Bay
New
For Lease
$2,200/Mo
16 Commercial Street, Salem, MA 01970
Standalone flex building with reception area, half bath, loading access, and parking.
Space Size1,600 SF
Days on Market4
Property Features for 16 Commercial Street
General Information
Standard status
Active
Size
1,600 SF
Net Rentable
1,600 SF
Total Parking Spaces
3
Space & Availability
Available Space
1,600 SF
Contiguous Space
1,600 SF
Additional Details
Flexible Term
Yes
Building Details
Year Built
2007
Buildings
1
Building Size
1,600 SF
Listing Agency:
eXp Realty LLC
Listed By:
Jonathan Ladas
(978) 808-8064
Source:
Merryfoxrealty
Added: Aug 31
Changed: Sep 3
Last Checked: Sep 2 at 7:32PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This standalone flex building offers 1,600 square feet, including a 110-square-foot reception area at the entrance, a half bath, and a main area of just under 1,500 square feet. The interior also includes two additional rooms measuring 100 square feet and 125 square feet. An 8-by-7-foot front bay door is positioned approximately 2 feet above grade, allowing vehicles to load from the exterior without entering the building.
The property is located at 16 Commercial Street in Salem, Massachusetts. Three off-street parking spaces are included, with additional on-street parking available. Prior uses have included woodworking, retail storage, and contractor storage. Built in 2007, the building provides a compact configuration for storage, workshop, or other flex-space applications supported by the premises.
The property is located at 16 Commercial Street in Salem, Massachusetts. Three off-street parking spaces are included, with additional on-street parking available. Prior uses have included woodworking, retail storage, and contractor storage. Built in 2007, the building provides a compact configuration for storage, workshop, or other flex-space applications supported by the premises.
Key Highlights
- 1,600‑square‑foot standalone flex building at 16 Commercial Street, Salem, MA 01970
- 110‑square‑foot reception area with a half bath
- Main area totals just under 1,500 square feet, plus 100‑square‑foot and 125‑square‑foot rooms
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,233
Businesses Nearby
Under-served
Demand for This Use
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
Lease Benchmarks for Salem, MA
$14.13 /SF/Yr
Avg Asking Price
$12.78–$16 /SF/Yr
Price Range
10,709 SF
Avg Space Size
This space is priced 17% above the average of $14.13 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Salem Gnu Kitchen — 62 Wharf St, Salem, MA 01970
- Hawthorne Catering Co — 18 Washington Square, Salem, MA 01970
- Country Club Caterers — Salem, MA 01970
- Ken Rothwell's Custom Catering — 7 Franklin St # 6, Salem, MA 01970
Frequently Asked Questions
What type of property is this?
Flex space - Standalone flex building with reception area, half bath, loading access, and parking.
Where is this flex space located?
The property is located at 16 Commercial Street Salem, MA.
What is the lease rate?
The lease rate is $2,200/Mo.
What are key features of this property?
This property features: 1,600‑square‑foot standalone flex building at 16 Commercial Street, Salem, MA 01970; 110‑square‑foot reception area with a half bath; Main area totals just under 1,500 square feet, plus 100‑square‑foot and 125‑square‑foot rooms
