High-Exposure Retail/Wholesale/Fitness
For Lease
$15 SF/Yr NNN
207 Highland Ave #B, Salem, MA 01970
8,501 sq ft space suitable for retail, wholesale, fitness.
Space SizeContact for details
Property Size8,501 SF
Days on Market98
Property Features for 207 Highland Ave #B
General Information
Standard status
Active
Size
8,501 SF
Zoning
B2, Legal Conforming
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$93,753
Building Details
Building Size
8,501 SF
Year Built
1970
Listing Agency:
The Drumlin Group Inc.
(617) 921-3020
Listed By:
Mark Shapiro
(617) 921-3020
Source:
Liongatere
Added: May 18
Changed: Aug 8
Last Checked: Aug 23 at 11:57AM
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.
Investment Insights
Based on property information with market context.
The rear portion of a high-exposure property located on Highland Ave (Rt. 107) at First St. in Salem is available for lease. The site is adjacent to Market Basket and Target and is one mile from Salem Hospital and North Shore Children's Hospital. The available section of the building contains approximately 8,501 square feet of mostly open, hi-bay, clear-span space. It is suitable for numerous uses, including retail, wholesale, and fitness. The space can potentially be converted to office, medical, educational, and service-related businesses. There is plenty of on-site parking. The deal structure is triple net (NNN), approximately $6.50 per sq. ft. The space is available now.
Key Highlights
- High‑exposure location on Highland Ave (Rt. 107) adjacent to Market Basket and Target.
- Large, mostly open, hi‑bay, clear‑span space (8,501+\/- sq. ft.).
- Suitable for numerous uses including retail, wholesale, and fitness.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
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
$26.3 /SF/Yr
Avg Asking Price
$15–$33 /SF/Yr
Price Range
4,081 SF
Avg Space Size
This space is priced 43% below the average of $26.3 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 8,501 sq ft space suitable for retail, wholesale, fitness.
Where is this retail space located?
The property is located at 207 Highland Ave #B Salem, MA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: High‑exposure location on Highland Ave (Rt. 107) adjacent to Market Basket and Target.; Large, mostly open, hi‑bay, clear‑span space (8,501+\/- sq. ft.).; Suitable for numerous uses including retail, wholesale, and fitness.
