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Two-Level Flex Space
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165 Boston St, Salem, MA 01970

B2-zoned space combines office rooms with a heated, air-conditioned former garage.

Property Size2,500 SF
Price / SF$1.40
Days on Market5

Property Features for 165 Boston St

General Information

Standard status Active
Size 2,500 SF
Property subtype Commercial
Zoning B2
Lease Type NNN

Property Condition

Severity Repairs Needed
Evidence some build out needed

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $9,614

Building Details

Building Size 2,500 SF
Year Built 1988
Stories 2
Listing Agency: Clements Realty Group
Listed By: Jeanna Alimonti
Source: Churchillprop
Added: Sep 29 Changed: Oct 1 Last Checked: Oct 2 at 6:21PM

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 Clements Realty Group

Investment Insights

Based on property information with market context.

This 2,500-square-foot flex property spans two levels and includes a converted garage with epoxy flooring, heat, and central air conditioning. The upper floor has five office rooms, a full bathroom, and a kitchenette; each level has a bathroom. The property was built in 1988 and is zoned B2.

Located on Boston Street in Salem, the property sits just beyond the Peabody line. Office, storage, trades, and personal-service uses are identified as possibilities, with some build-out required for certain uses.

Key Highlights

  • 2,500 square feet across two levels
  • Five office rooms on the upper floor
  • Converted garage with epoxy floors, heat, and central AC

Property Analytics

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Current Use

Boston Street Auto ... Auto Repair Shop

Suggested Use

Top Pick Acupuncture Computer & Electronic Repair Tech Support Center Real Estate Agency Garden Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,197
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - B2-zoned space combines office rooms with a heated, air-conditioned former garage.
Where is this flex space located?
The property is located at 165 Boston St Salem, MA.
What are key features of this property?
This property features: 2,500 square feet across two levels; Five office rooms on the upper floor; Converted garage with epoxy floors, heat, and central AC
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