Clear-Span Flex
New
For Lease
$15 SF/Yr NNN
207 Highland Ave, Salem, MA 01970
An open, high-bay rear suite includes on-site parking and is offered under a triple-net lease structure.
Space SizeContact for details
Property Size8,501 SF
Days on Market2
Property Features for 207 Highland Ave
General Information
Standard status
Active
Size
8,501 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$93,753
Building Details
Building Size
8,501 SF
Year Built
1970
Listing Agency:
The Drumlin Group Inc.
Listed By:
Mark Shapiro
(617) 921-3020
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 2:26PM
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 The Drumlin Group Inc.
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Investment Insights
Based on property information with market context.
The rear portion of the building provides approximately 8,501+/- sq. ft. of mostly open, clear-span space with high-bay clearance. On-site parking is available, and the lease structure is NNN. Potential uses identified for the space include retail, wholesale, and fitness, with possible conversion to office, medical, educational, or service-related use.
The property is at Highland Ave. (Rt. 107) and First St. in Salem, next to Market Basket and Target. Salem Hospital/North Shore Children's Hospital is one mile away.
The property is at Highland Ave. (Rt. 107) and First St. in Salem, next to Market Basket and Target. Salem Hospital/North Shore Children's Hospital is one mile away.
Key Highlights
- Approximately 8,501+/- sq. ft. of rear‑building space
- Mostly open layout with high‑bay, clear‑span construction
- On‑site parking
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
747
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Salem, MA
$14.94 /SF/Yr
Avg Asking Price
$12.78–$16.8 /SF/Yr
Price Range
11,109 SF
Avg Space Size
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - An open, high-bay rear suite includes on-site parking and is offered under a triple-net lease structure.
Where is this flex space located?
The property is located at 207 Highland Ave Salem, MA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Approximately 8,501+/- sq. ft. of rear‑building space; Mostly open layout with high‑bay, clear‑span construction; On‑site parking
