Hi-Bay Clear-Span Flex
For Lease
$6.50 SF/Yr NNN
207 Highland Avenue Unit B, Salem, MA 01970
Rear building section offers adaptable commercial space with parking near major retail and medical destinations.
Space Size8,501 SF
Days on Market426
Property Features for 207 Highland Avenue Unit B
General Information
Standard status
Active
Size
8,501 SF
Net Rentable
8,501 SF
Lease Type
NNN
Space & Availability
Available Space
8,501 SF
Contiguous Space
8,501 SF
Available From
Immediate
Lease Terms
Lease Rate
$6.50 /USD/SF/YR
Monthly Rent
$4,604
Rent per SF/Year
$6.50
Additional Details
Road Access
Yes
Clear Span
Yes
Building Details
Year Built
1970
Listing Agency:
The Drumlin Group Inc.
Listed By:
David Hark
(617) 694-0004
Source:
Somervillelofts
Added: Jul 1, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:10PM
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.
Unit B comprises approximately 8,501 square feet within the rear portion of a 1970 building on Highland Avenue at First Street. The space is predominantly open, hi-bay, and clear-span, providing a flexible layout for retail, wholesale, or fitness operations. The premises may also accommodate conversion to office, medical, educational, or service-oriented uses, subject to applicable requirements. Triple-net lease structure applies, and the space is available now.
The property sits along Route 107 in Salem, adjacent to Market Basket and Target. Salem Hospital and North Shore Children's Hospital are approximately one mile away. On-site parking is provided, supporting a range of commercial occupancy needs.
The property sits along Route 107 in Salem, adjacent to Market Basket and Target. Salem Hospital and North Shore Children's Hospital are approximately one mile away. On-site parking is provided, supporting a range of commercial occupancy needs.
Key Highlights
- Approximately 8,501+/- sq. ft. of mostly open space
- Hi‑bay, clear‑span configuration
- Located on Highland Ave. (Rt.107) at First St.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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
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 62% below the average of $17.01 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Rear building section offers adaptable commercial space with parking near major retail and medical destinations.
Where is this flex space located?
The property is located at 207 Highland Avenue Unit B Salem, MA.
What is the lease rate?
The lease rate is $6.50 SF/Yr.
What are key features of this property?
This property features: Approximately 8,501+/- sq. ft. of mostly open space; Hi‑bay, clear‑span configuration; Located on Highland Ave. (Rt.107) at First St.
