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Multi-Level Retail or Office Space
For Lease
$4,000/Mo NNN

167 Boston St, Salem, MA 01970

Multi-level space with bathrooms on each floor, suitable for office or service uses with some build-out needed.

Space SizeContact for details
Days on Market50

Property Features for 167 Boston St

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $12,462

Building Details

Year Built 1900
Stories 2
Listing Agency: Clements Realty Group
Listed By: Jeanna Alimonti
Source: Elliman
Added: Jun 24 Changed: Aug 8 Last Checked: Aug 12 at 8:07AM

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 offering is just under 3,000 square feet of office or retail space arranged across the first and second levels. The space is described as having a bathroom on each floor, and it will require some build-out to suit a tenant’s specific use. The configuration supports a range of professional and service-oriented operations, including office use, trades, cosmetology, or barber shop concepts.

The location is on Boston St in Salem, just over the Peabody line, with the advantage of visibility along the street. The property is reported with a Very Walkable Walk Score and a somewhat Bikeable Bike Score, along with a transit score of 30.

For tenants seeking a street-facing setup that can function as office or retail, the dual-level layout and existing bathrooms provide a practical foundation. Service users such as trades, cosmetology, and barber shop operators should plan for additional build-out to complete the space for their workflow, while offices may benefit from the already-present restrooms on both levels. The lease is triple net.

Key Highlights

  • Just under 3,000 SF of office or retail space across 1st and 2nd levels
  • Bathrooms on each floor for added convenience
  • Suitable for offices, trades, cosmetology, or barber shop use (some build‑out needed)

Property Analytics

Current Use

Creative Ink Marketing & Advertising

Suggested Use

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

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,197
Businesses Nearby

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

$19.87 /SF/Yr
Avg Asking Price
$15–$29 /SF/Yr
Price Range
21,416 SF
Avg Space Size

This space is priced 19% below the average of $19.87 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Multi-level space with bathrooms on each floor, suitable for office or service uses with some build-out needed.
Where is this office units located?
The property is located at 167 Boston St Salem, MA.
What is the lease rate?
The lease rate is $4,000/Mo.
What are key features of this property?
This property features: Just under 3,000 SF of office or retail space across 1st and 2nd levels; Bathrooms on each floor for added convenience; Suitable for offices, trades, cosmetology, or barber shop use (some build‑out needed)
More about this property
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