Downtown Salem Office
For Lease
$15 SF/Yr
262 Essex St #3, Salem, MA 01970
Attractive office suite in downtown Salem, available for lease.
Space SizeContact for details
Property Size2,363 SF
Days on Market123
Property Features for 262 Essex St #3
General Information
Standard status
Active
Size
2,363 SF
Zoning
B5, Legal Conforming
Lease Type
Net
Taxes and HOA fees
Annual Taxes
$11,954
Building Details
Building Size
2,363 SF
Year Built
1984
Listing Agency:
The Drumlin Group Inc.
(617) 921-3020
Listed By:
Mark Shapiro
(617) 921-3020
Source:
Liongatere
Added: Apr 22
Changed: Aug 21
Last Checked: Aug 21 at 3:02PM
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.
This attractive 3rd-floor walk-up office suite is available for lease in downtown Salem. The main floor features two private offices, a conference room, open areas suitable for workstations, a reception area, a kitchenette, a print room, restrooms, storage, and an IT area. A circular stairway provides access to an upper-level mezzanine. The suite boasts exposed brick, beams, structural features, a unique ceiling line, skylights, and natural light. The property is adjacent to a municipal parking lot and within walking distance of the commuter rail, county courts, City Hall, restaurants, lodging, the Peabody Essex Museum, historic sites, and other attractions. Rent is net of utilities and the suite is available now.
Key Highlights
- Prime downtown Salem location: walk to commuter rail, courts, City Hall, restaurants, museums, and attractions.
- Unique architectural features: exposed brick, beams, structural elements, and a distinctive ceiling line.
- Abundant natural light: features skylights.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,823
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
$21.23 /SF/Yr
Avg Asking Price
$15–$29 /SF/Yr
Price Range
26,205 SF
Avg Space Size
This space is priced 29% below the average of $21.23 /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?
Office units - Attractive office suite in downtown Salem, available for lease.
Where is this office units located?
The property is located at 262 Essex St #3 Salem, MA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Prime downtown Salem location: walk to commuter rail, courts, City Hall, restaurants, museums, and attractions.; Unique architectural features: exposed brick, beams, structural elements, and a distinctive ceiling line.; Abundant natural light: features skylights.
