Flex Space with Commercial
For Lease
$4,800/Mo CAM $1,700 /USD/MO
197 Fort Ave Unit 5, Salem, MA 01970
Insulated warehouse space paired with a fully equipped kitchen and retail-facing concession windows.
Space Size4,506 SF
Days on Market41
Property Features for 197 Fort Ave Unit 5
General Information
Standard status
Active
Size
4,506 SF
Net Rentable
4,506 SF
Zoning
B2
Lease Type
NNN
Space & Availability
Available Space
4,506 SF
Contiguous Space
4,506 SF
Space Use
Warehouse
Additional Details
CAM
$1,700 /USD/MO
Warehouse Space
3,225 SF
Amenities
insulated
commercial kitchen
two hoods
walk-in
wash stations
prep room
two concession windows
Building Details
Year Built
1940
Listing Agency:
Lokos Realty & Management
Listed By:
Julius Sokol
Source:
Gooddeedsrealtypartners
Added: Jul 22
Changed: Aug 30
Last Checked: Aug 31 at 7:42PM
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 Lokos Realty & Management
Investment Insights
Based on property information with market context.
This flex-space offering combines 3,225 square feet of insulated open warehouse and distribution area with an adjoining 1,281-square-foot commercial kitchen. The kitchen includes two hoods, a walk-in, wash stations, and dedicated preparation space, creating a functional setup for food production and related operations. The property was built in 1940 and is offered for lease with an NNN expense structure.
The kitchen fronts directly on the Salem Willows and includes two concession windows, supporting seasonal customer service from the premises. Dedicated parking is available on site, with additional public parking nearby. The property is zoned B2; only by-right and religious uses will be considered.
The kitchen fronts directly on the Salem Willows and includes two concession windows, supporting seasonal customer service from the premises. Dedicated parking is available on site, with additional public parking nearby. The property is zoned B2; only by-right and religious uses will be considered.
Key Highlights
- 4,506 SF total, including 3,225 SF of insulated warehouse/distribution space and 1,281 SF of commercial kitchen
- Commercial kitchen with two hoods, a walk‑in, wash stations, and prep space
- Two concession windows front directly on the Salem Willows
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
109
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
$17.01 /SF/Yr
Avg Asking Price
$12.78–$36 /SF/Yr
Price Range
10,235 SF
Avg Space Size
This space is priced 25% below the average of $17.01 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Insulated warehouse space paired with a fully equipped kitchen and retail-facing concession windows.
Where is this flex space located?
The property is located at 197 Fort Ave Unit 5 Salem, MA.
What is the lease rate?
The lease rate is $4,800/Mo.
What are key features of this property?
This property features: 4,506 SF total, including 3,225 SF of insulated warehouse/distribution space and 1,281 SF of commercial kitchen; Commercial kitchen with two hoods, a walk‑in, wash stations, and prep space; Two concession windows front directly on the Salem Willows
